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

A giant lithium deposit discovered in the U.S.

10 january 2024

The largest lithium deposit on Earth is probably located at the junction of the states of Nevada and Oregon (USA).

The gismeteo.ru news portal reports that, according to recent estimates, there are deposits of 40 million metric tons of lithium under the caldera of the McDermitt supervolcano. The area of the caldera is about 1,575 square kilometers.

If the examination of the deposits confirms the assumptions of experts, the deposit will receive the status of the largest on the planet, ahead of the Bolivian ones containing 25 million tons of lithium.

According to scientists, the discovery has significant significance for the global lithium market and will affect prices, logistical security and geopolitics.

According to a study conducted by the Lithium Americas Corporation, lithium deposits under the caldera were formed after an eruption that occurred approximately 16.4 million years ago. Later on, the minerals rose to the surface from the depths, forming a rich scattering of smectite clays with a high concentration of lithium.

Alex Shishlo for Rough&Polished