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

Exports by largest producers of ferrous metals in Russia decline

10 november 2023

The three largest producers of ferrous metals in Russia, namely the Magnitogorsk Iron and Steel Works (MMK), Novolipetsk Steel Works (NLMK) and Severstal, have increased the volume of shipments to consumers in general, but reduced exports, INTERFAX reports.

MMK shipments increased by 23%, exports decreased by 2.3%. NLMK sent 16% more to consumers than in the same period of 2023, while exports decreased by 7%. Severstal, with an increase in supplies by 11%, lost 58% of exports.

As for export destinations, in October the companies continued to supply metals to Europe, Central and Latin America and CIS countries. 515,000 tons went to Europe, while more than half of this volume was routed to Turkey at 328,000 tons.

Shipments to Mexico and Brazil are also growing. Over the past month, 575,000 tons were sent there through Russian Railways and ports . Also comparable were deliveries to the CIS countries at 505,000 tons.

China and Taiwan purchased 228,000 tons of metals from Russian manufacturers, other Asia-Pacific countries imported 57,900 tons.

Alex Shishlo for Rough&Polished