Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Gaetano Cavalieri: CIBJO leading the jewelry industry on critical issues

One of the gem and jewellery industry’s most well-known and respected personalities, Dr. Gaetano Cavalieri, has been the president of the World Jewellery Confederation (CIBJO), for the past 23 years. CIBJO is the oldest international organisation...

09 december 2024

Bystrinsky MPP is now 100% Russian-owned

11 january 2024

Norilsk Nickel has concluded the process of changing the jurisdiction of its Bystrinsky mining and processing plant (MPP) to become 100% Russian-owned by excluding a Cypriot company GRK EASTERN GEOLOGY LIMITED (currently being liquidated) from its ownership structure.

The Cypriot company's shareholders received shares of Holding Company BYSTRA in proportion to their stakes in the authorised capital, thus the distribution of shares among the shareholders of Bystra remained unchanged: Nornickel — 50.01%, Interros — 36.66% and United Resources Limited (a structure of the HOPU Investments fund) — 13.33%.

Vladimir Potanin, President of Nornickel, said: “Bystra is one of Nornickel’s most modern businesses. The move to the Russian jurisdiction will allow our Zabaikalsky asset not only to protect the interests of all shareholders, but also to maintain high standards of corporate governance and invest in the domestic economy, including the Far East regions”.

The exclusion of the Cypriot company from the ownership structure of Bystrinsky GOK was made possible by an order of the President of the Russian Federation signed on 13 June 2023.

The Bystrinsky MPP mines and processes ore from the Bystrinsky polymetallic deposit using open pit mining methods and produces copper, iron ore and gold concentrates. It is a state-of-the-art production facility that utilises the latest equipment and employs advanced technologies. Bystrinsky prioritises constructive industrial policy, production efficiency and safety, and addressing environmental issues.

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