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

NLMK shareholders elect a new company chairman

09 january 2024

Shareholders of the NMLK group of companies elected Sergey Karatayev as the new chairman of the company at an extraordinary meeting, as reported by Kommersant with a reference to the company's sources.

Karatayev, a former head of the First Logistics Company, is scheduled to assume the new position on January 12.

Grigory Fedorishin, an outgoing chairman, will remain a part of the company's board.

Karatayev graduated from the Financial Academy under the Government of the Russian Federation as a Finance and Credit specialist, and later got a MBA degree from the Insead business school in France. Earlier he was a vice president at NLMK and a CEO of the First Logistics Company before that. He was also a high-ranking official at the Novartis International AG and the Rosselmash state corporation.

In November 2023, it was reported that NLMK president Grigory Fedorishin would retire from his position this January.

NLMK Group is a leading international manufacturer of high-quality steel products with a vertically integrated business model. Mining and steelmaking are concentrated in cost-efficient regions; finished products are manufactured close to its main customers in Russia, North America, and the EU.

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