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.


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

ALROSA sees signs of price recovery in the diamond industry

16 november 2023

In its press release, the Russian diamond mining company ALROSA noted signs of market stabilization and price recovery of rough and polished diamonds.

According to ALROSA analysts, the world diamond market situation is positively influenced by improved forecasts for the global economy, the upcoming Christmas sales period and the recovery of the wedding jewelry market in the United States, as well as the efforts made by the largest diamond mining companies in recent months to stabilize diamond inventories in midstream.

Main factors for further improvement in market and price conditions are the remaining shortage of supply of natural diamonds in the medium and long term, as well as the consistent increase in market capacity for luxury goods, including diamond jewelry, in Asia and Latin America.

Leonid Khazanov, an industry expert and Doctor of Economics, noted that diamond prices may start rising as early as this year, and next year the balance of supply and demand on the diamond market may reach a state of equilibrium.

“The market will experience some volatility, but I admit that towards the end of the year, diamond prices will rise because Christmas and New Year will come,” the expert said. In his opinion, next year the market fundamentals will come into balance.

According to Sergei Takhiev, head of corporate finance at ALROSA, by October there was a stabilization in diamond prices, and there were the first positive signs for certain types of stones.

“We are now seeing more and more signs that the phase of inventory reduction in the cutting industry and retail segment is coming to an end,” he noted.

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