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

Export earnings from Zimbabwe's lithium triple as projects gain momentum

03 november 2023

The first nine months of 2023 generated $209 million in lithium exports for Zimbabwe, according to Mines Minister Zhemu Soda.

This is roughly three times the amount gained in the same period last year, as Chinese-led mining and processing facilities gain momentum.

"The revenue generated from the export of lithium grew from $1.8 million in 2018 to $70 million in 2022," Soda was quoted as saying by Reuters during a mining conference in Bulawayo.

“By September 2023, a total of $209 million had been realised from lithium exports.”

After gold and platinum group metals, lithium is poised to become Zimbabwe's third most valuable mineral export, with export receipts of $2.46 billion and $2.27 billion, respectively, recorded last year. Zimbabwe, the foremost lithium producer in Africa, is optimistic that the mineral's critical demand for renewable energy storage will assist in the recovery of its faltering economy.

Over the past two years, Chinese companies, including Canmax Technologies, Zhejiang Huayou Cobalt, Sinomine Resource Group, Chengxin Lithium Group, and Yahua Group, have invested in Zimbabwe to buy and develop lithium mines.

The majority of these firms have recently commissioned processing facilities and are currently transporting lithium concentrates to China for additional processing.

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