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

Russia increased gold exports to Hong Kong by seven times

01 december 2023

For the first 10 months of 2023, Russian gold producers shipped about $5.3 billion worth of gold to Hong Kong consumers. In annual terms, the volume of gold exports to this country increased by 625.8%, or 7.3 times, TASS reports.

In particular, in October alone, Russia exported about $987.6 million worth of the precious metal to Hong Kong consumers, an increase of 6.3 times, or 527.1%.

The volume of deliveries for October turned out to be higher than for the whole of 2022. Last year, Russian gold exports to Hong Kong amounted to just about $966.2 million.

According to TASS, Russian gold exports to Hong Kong this year reached the highest value in the last 11 years. The October result was also a record since 2012.

Alex Shishlo for Rough&Polished