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

The Kimberley Process Split: for the first time, the participants did not approve the final communique

17 november 2023

Negotiations between diamond-producing countries, held under the Zimbabwean chairmanship of the Kimberley Process (KP), failed for the first time in history.

According to the Deputy Finance Minister of Russia Alexey Moiseev, the main reason for the split between the participants of the meeting was the over-politicization of the KP by "unfriendly" countries.

In 2022, the European Union, Canada and the United States tried to name Russian diamonds "bloody" due to war in Ukraine.

The Russian government, Moiseev stressed, has repeatedly warned Western countries about the inadmissibility of aggressive politicization of the KP, in particular, in terms of attacks on the domestic diamond mining industry through sanctions.

According to Moiseev, Western countries discredit the KP, which poses a direct threat to its main purpose. KP is the only universal mechanism for regulating the global diamond market and a tool for combating the black market of precious stones.

Commenting on the unprecedented event, Moiseev added that Russia will take all measures to mitigate the consequences of the actions of unfriendly countries against the KP. To this end, Moscow will continue to strengthen partnerships with other diamond-producing states, mainly with African countries.

So, in 2023, the parties publicly discussed options for cooperation in order to stabilize the diamond market and its sustainable development within the framework of the summit and the Russia-Africa economic and humanitarian forum, reports.

Alex Shishlo for Rough&Polished