Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Largest copper deposit in Russia begins production

28 september 2023

The mining and metallurgical plant was commissioned at the Udokan copper deposit, the largest of its kind in Russia. It was discovered in 1949.

According to topcor.ru, the project will be able to produce up to 15 million tons of copper ore per year. At the same time, the second stage of the plant will be launched in five years, which will allow Udokan to enter the list of the top ten largest copper producers in the world.

According to experts, the reserves of this largest deposit will last for 70 years of production.

Realizing the level of competition that this enterprise can create for Western manufacturers in the future, the United States have already imposed sanctions on it.

Meanwhile, taking into account the fact that copper is widely used in electronics and electric motors, the demand for it will only grow going forward.

Today, 2.500 people are already working at the processing plant of Udokan. At the same time, a thousand more jobs will be created here in the future, and about 20,000 in related industries.

Russia began the construction of the Udokan processing plant in 2018. The volume of investments in the project amounted to 160 billion rubles.

Alex Shishlo for Rough&Polished