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

Norilsk Nickel invests into flat rolled steel production

09 january 2024

Norilsk Nickel became one of the participants of RNK-Holding LLC, part of the Russian Stainless Steel Company, which is implementing a project for the production of flat rolled stainless steel.

Norilsk Nickel intends use this opportunity to significantly increase nickel sales on the domestic market, as well as enter the market of advanced steel and alloy processing in the country.

A new steel rolling mill for stainless steel and corrosion-resistant, heat-resistant and heat-stable alloys is being built in the Volgograd region. The capacity of the new plant is up to 500,000 tons of finished products per year. Commissioning of the first phase of the project will begin in 2025.

The complex will feature modern equipment. It will meet the highest environmental protection requirements: the technological solutions used are designed to eliminate negative impacts on the environment in the region. The implementation of the project will create up to 2,500 jobs.

For Norilsk Nickel, participation in the new project is in line with its strategy to expand nickel sales markets, as well as investments in the development of processing capabilities in Russia.

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