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

Petra Diamonds trims board size

21 december 2023

Petra Diamonds, which has operations in South Africa and Tanzania has reduced the number of directors on its board from 10 to seven.

The diamond company said that the changes are minor but an essential part of the continuous cost-cutting initiatives being applied across the group to further ensure flexibility in the event that current market conditions persist.

The sustainability and health and safety committees have been consolidated as part of the new arrangements.

Upon taking effect, Petra said, the fee reductions for the chairperson and non-executive directors will reduce the annualised board fees by a minimum of 25%.

“I believe the changes announced today will result in a lower cost, more efficient and right-sized board which has an appropriate balance of skills and experience," said Petra Diamonds non-executive chairperson Varda Shine.

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