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

ALROSA dismiss alleged withdrawal from Catoca joint venture

19 october 2023

Russian diamond miner ALROSA has dismissed the rumour that first appeared in an African news source about its plans to withdraw from a joint venture with Angola's Endiama.

"ALROSA does not conduct any negotiations on this matter," - the miner said.

Earlier this week, Africa Intelligence news agency quoted an unnamed source as saying that ALROSA and Endiama were in negotiations over the former's departure from the Sociedade Mineira de Catoca joint venture, citing the deterrent effect of western sanctions and the weakening of diamond prices as reasons for the decision.

ALROSA holds a 41% stake in Catoca. Endiama, a state-owned enterprise, possesses a 41% ownership interest in the mine, with Leviev International-LLI (China) holding the remaining 18%.

ALROSA, a significant contributor with a 27% share of the worldwide diamond industry, has been the principal diamond partner of Angola since the 1990s.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished