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...


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

Silver demand to grow in the next 5 years with China leading the world

17 november 2023

Demand for silver will continue to grow for the next decade, far outpacing its growth over the last 10 years, according to the latest research from Oxford Economics.

In a research report conducted on behalf of the Silver Institute, the analysts said that three key pillars of global silver demand – industrial, jewelry and silverware – are expected to see total demand growth of 42% through 2033, effectively double the growth rate over the previous decade, 2014-2023.

The report said that industrial demand will continue to dominate the silver market over the next 10 years with demand from the sector expected to grow by 46%. At the same time, jewelry and silverware demand are forecasted to rise by 34% and 30% respectively. The report notes that these three segments of the silver market account for nearly three-quarters of global demand. Industrial applications alone represent more than 60% of total silver demand.

One interesting observation from the report is how China is expected to play a dominant role in the silver market during the next 10 years. Oxford Economics sees China leading industrial and jewelry demand over the coming decade. Of the forecast growth in the output of sectors that use silver for industrial purposes over the next decade, 51% is predicted to occur in China. The United States is forecast to have a 5% share in the additional output.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished