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

Chinese firms to invest up to $7bn in DRC copper, cobalt JV

31 january 2024

Chinese construction companies are set to invest up to $7 billion in infrastructure projects as part of an agreement over their Sicomines copper and cobalt joint venture in the Democratic Republic of Congo (DRC).

Reuters reports that Sinohydro Corp and China Railway Group would pay DRC 1.2% of royalties annually and retain the shareholding structure.

President Felix Tshisekedi's government was reviewing Joseph Kabila's contract with China to build roads and hospitals in exchange for a 68% interest in the joint venture with Congo's State mining company Gecamines.

Under the deal, Chinese investors pledged $3 billion for infrastructure projects, but the state auditor, Inspection Generale des Finances (IGF), sought $20 billion last year.

Before visiting China in May 2023, Tshisekedi ordered his cabinet to meet with investors.

He sought to increase the DRC's joint venture participation from 32% to 70%.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished