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

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

ADPA claims an "aggressive minority" ambushed KP plenary session

24 november 2023

The African Diamond Producers Association (ADPA) claims that although the recently concluded Kimberley Process plenary meeting held in Victoria Falls, Zimbabwe, was “robust and successful”, it was compromised by an "aggressive minority's" attempt to politicise the agenda of the gathering by incorporating geopolitical matters that extend beyond the KP mandate.

ADPA, which is headquartered in Luanda, Angola, told Rough & Polished that the 2023 KP Plenary was unable to approve its final communiqué.

“This incitement of no consensus was dictated by the needs of the minorities to push the G7 initiatives, as the KPCS does not seem to correspond to their broader geopolitical agenda,” it said.

New G7 sanctions on Russian diamonds are expected early next year.

Meanwhile, ADPA said that African diamond producers will continue to defend the KP and reject any unilateral efforts to replace it.

It said that the United Nations is the most qualified tribunal for geopolitical matters unrelated to the diamond industry.

ADPA also said that it is crucial to maintain the integrity of the KP and its founding principles as it progresses.

This, it said, will guarantee that the process remains efficient in its fight against the trade of conflict diamonds while avoiding any unnecessary distractions from matters outside its purview.

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