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

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

Gem Diamonds finds a 101.26-ct diamond at Letšeng

10 october 2023

Gem Diamonds has unearthed a 101.26-carat gem quality White Type II at its 70%-owned Letšeng Diamond Mine in Lesotho.

The diamond was recovered on September 28, 2023.

This is the third diamond of over 100 carats recovered by the company this year.

It unearthed a 163.91-carat yellow diamond on June 22 and a 122-carat D-color Type II white diamond on March 5, 2023.

Gem Diamonds said at the end of August that a decrease in the number of large, high-value diamonds recovered, combined with market pressure, has negatively impacted the average dollar per carat and revenue achieved during the first half of 2023.

The company achieved an average value of $1 373 per carat in the first half of 2023, compared to $1 745 per carat a year earlier.

“Our focus remains on stabilising our plants to improve large diamond recoveries and to critically review all operational and capital expenditure,” said company chief executive Clifford Elphick in a statement accompanying the first half results.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished