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

Yakutia expects jewellery sector in the region to reach value of 1 billion rubles

27 october 2023

The government of Yakutia expects an increase in the value of jewelry production in the region to reach 1 billion rubles ($10 million), TASS reports with reference to the Minister of Industry and Geology of the Republic of Sakha (Yakutia) Maxim Tereshchenko.

For comparison, in 2022 this figure amounted to 733.5 million rubles.

According to the representative of the regional Ministry of Industry, in the first nine months of the year there has been an increase in production, which suggests an increase in annual value.

According to data for 2022, the jewelry and diamond cutting industry is represented by nine enterprises in the Chamber of Commerce and Industry of Yakutia, including: I Am Gold, Sakha Taas, Kierge, Ohor Utum, Egelge, Yakut Jewelry Factory.

Currently, a regional industrial development fund has been established in the region, as well as a regional trading platform "Arctic Trading House". A jewelry and cutting cluster "Sabiem" has been opened that features modern jewelry, cutting and polishing equipment that meets international standards.

Alex Shishlo for Rough&Polished