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.

Yesterday

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

Russia to continue diamond exports despite G7 sanctions - finance minister

28 december 2023

Russian finance minister Anton Siluanov told reporters during a briefing on the results of 2023 that the export of Russian diamonds will continue despite the restrictions imposed by Group of Seven (G7) countries.

“Therefore, all the restrictions that [G7 countries] impose, they not only affect us, but also those who introduced them,” TASS quotes the minister as saying.

“They say “we will endure for the sake of our own principles,” well, let them endure if they want, the people probably won’t tolerate it for long. Diamond exports will continue, yes.”

Earlier in December a number of Russian officials said that the country is preparing in advance for G7 sanctions against its diamonds, seeking new alternative export markets and trying to break the monopoly of the international diamond standard set by the Gemological Institute of America (GIA).

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished