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

Nornickel's subsidiary issues digital tokens for PGMs

28 december 2023

Nornickel’s metals digitalisation firm, GPF Investments (GPFI), has successfully issued four types of tokens linked to platinum group metals — platinum, palladium, ruthenium, and iridium — on the Atomyze blockchain platform. Currently, these financial instruments are accessible exclusively to qualified investors.

This issuance includes 1,255 digital financial assets, equivalent to approximately RUB 2.5 million, with each token representing one gram of metal. The maturity of digital assets for platinum group metals is one year, but there are several early redemption periods. An investor can choose a maturity date that is comfortable for him and lock in a profit at a time when the price of metals is particularly attractive.

Pricing of platinum and palladium tokens aligns with the London Bullion Market Participants Association (LBMA) last evening rate, converted at the rouble-dollar exchange rate set by the Bank of Russia. Ruthenium and iridium tokens will be priced according to rates published by Johnson Matthey, a British chemical company.

GPFI, a subsidiary of Nornickel, focuses on selling base and precious metals through advanced digitalisation technologies. The firm is preparing a series of public issues of digital financial assets (DFAs) in Russia, encompassing various metals baskets that include nickel, copper, platinum, palladium, and gold, exclusively for qualified investors.

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