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

Anglo American launches a digital traceability solution Valutrax to boost value chain transparency

17 november 2023

Anglo American has launched Valutrax, a proprietary digital traceability solution designed to increase value chain transparency.

The diversified mining group said Valutrax offers a single point of access to core information about products, helping to trace metals and minerals from source to customer through a tailored selection of key provenance and sustainability indicators.

“Valutrax has been designed as a platform to drive greater transparency across our entire production and logistics chain,” said Anglo executive head of base metals marketing Paul Ward.

“It aims to give our customers direct access to indicators that can help determine compliance with requirements in their specific industries or jurisdictions and to then make appropriate decisions to support their sustainability strategies and other value drivers.”

The group said a digital label can be downloaded for each delivery, offering an at-a-glance view of key data, from provenance and carbon emissions intensity to safety and the social impact of its operations, along with an overview of the policies that underpin Anglo American’s approach to driving safe and sustainable operations.

Anglo American’s digital traceability journey began in 2018 with De Beers’ investment in Tracr, the world’s first fully distributed diamond traceability platform with the ability to explore the provenance and authenticity of a diamond.

A pilot version of Valutrax was rolled out to a selection of Anglo American’s customers in late 2022.

It said the feedback and input gathered during this phase have informed ongoing development.

Valutrax is built on blockchain technology, a distributed database that allows for information to be securely stored in a digital format and gives participating customers access to a comprehensive, immutable view of a product’s core information through a user-friendly portal.

It is currently available to customers purchasing ferronickel, copper concentrates and iron ore-mined products.

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