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

Australia to compete with China on critical mineral resources - minister

29 december 2023

Minister for Resources of Australia Madeleine King said that the country seeks to build domestic industry for production of mineral resources vital to the next phase of high-tech manufacturing, and ultimately compete with China in this sector.

“The reason we want to make sure that we hold more critical minerals capabilities here, in refining, in processing, and further down the line, is to compete with China,” King said in an interview cited by Mining Weekly.

When asked about the possibility of greater Chinese investment in the sector, she said while Australia was receptive to proposals, the government sought to build up the domestic industry.

According to the media resource, since coming to power in May 2022, Australia’s center-left Labor government has ramped up investment in minerals including lithium, cobalt and titanium, which are vital for global green energy infrastructure and the defense manufacturing.

Just recently Australia expanded its list of resources deemed crucial to its energy transition and national security needs. Australia has some of the world’s largest reserves of the critical resources, sparking interest from nations keen to diversify their supply chains given China’s substantial head start in processing.

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