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

Sibanye-Stillwater secures five-year wage deal at Kroondal PGM operation

08 november 2023

Sibanye-Stillwater has reached a five-year wage agreement with all representative unions, comprising the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (NUM), in respect of annual wages and benefits for employees at the Kroondal Platinum Group Metal (PGM) operations in South Africa.

“The agreement secures wage stability in the operations, which will benefit all stakeholders,” said company chief executive Neal Froneman.

He said the terms and increases of the five-year wage agreement are similar to those struck at the group's Marikana and Rustenburg facilities last year.

The deal is tied to inflation, providing employees in categories four through eight with a minimum annual raise of 6% throughout each of the five years of the agreement.

A 6% annual rise will be provided to miners, craftsmen, and officials throughout the five-year deal.

The estimated average increase in the total wage bill, including all benefits, over the five years is about 6.4% per year.

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