Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Gaetano Cavalieri: CIBJO leading the jewelry industry on critical issues

One of the gem and jewellery industry’s most well-known and respected personalities, Dr. Gaetano Cavalieri, has been the president of the World Jewellery Confederation (CIBJO), for the past 23 years. CIBJO is the oldest international organisation...

09 december 2024

Russian Copper Company sanctioned by the US

19 september 2023

The Russian Copper Company (RMK) has been included in the SDN list by the U.S. Now the mining holding has no right to conclude transactions with American companies, and its assets in the United States, if any, will be frozen.

According to dprom.online, after RMK was included in the sanctions list, only Norilsk Nickel had the right to do business with the United States among major copper producers. Earlier, the ban was extended to Udokan Copper even before the start of production, as well as to the Ural Mining and Metallurgical Company.

RMK does not publish operational reports, and it is unclear whether sanctions will have an impact on the company's activities. According to experts, the figures of copper exports, despite economic restrictions, should remain approximately the same as in 2022.

Companies have already rebuilt logistics chains and are actively working with Asian consumers. In addition, exports to Europe, although reduced, have not been completely stopped.

The updated sanctions list also includes Vorkutaugol and AGD Diamonds. The private diamond mining holding, although officially sanctioned for the first time, has already faced economic restrictions: in its report last year, it noted difficulties with logistics and calculations.

Alex Shishlo for Rough&Polished