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.

Yesterday

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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Korean lab-grown diamond maker KDT to build plant in India

05 october 2023

South Korea’s sole lab-grown diamond producer KDT Diamond Co. will build its first overseas production facility in India by early next year to meet demand in the rapidly growing market, while expanding its domestic sales-focused business into other countries.

The company said it will break ground on a 2,000-square-meter lab-grown diamond manufacturing and polishing plant in India in November.

Once it is up and running from early March next year as scheduled, KDT will be capable of producing diamonds of 36,000 carats in its first year of operation. Its production capacity will eventually increase to 100,000 carats a year, some of which the company said might be exported to other countries.

South Korea has now become the world’s eighth country to enter the market. Only eight countries in the world, including India, China and the US, produce lab-grown diamonds.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished