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...

16 april 2024

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

Polyus increased gold production by more than a third

05 october 2023

The gold mining company Polyus has published its production results for the first half of 2023. From January to July 2023, it produced 1.448 million ounces of gold, a 36% increase over the same period of 2022.

While production increased, the ore processing remained at the level of the same period of the last year.

The main increase in gold production was attributed to the Olympiadinskoye deposit and its Eastern area which contains high-grade ore.

In addition, better production results were achieved due to an increase in refined gold volumes at the Blagodatny quarry.

In the first half of the year, the company sold 1.261 million ounces of gold: this is 24% more than last year.

The company's revenue increased by 29%. The increase is attributed not only to an increase in sales volumes, but also to an increase in gold prices.

The cost of production decreased by 8% to $400 per ounce. This is due to the processing of higher grade ore, as well as the sales of a by-product - gold-antimony flotation concentrate, as reported by dprom.ru.

Alex Shishlo for Rough&Polished