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

Russian citizens purchased about 95 tons of gold bullion in 2023 - Ministry of Finance

01 february 2024

According to preliminary data, the volume of purchases of gold bullion by individuals in the Russian Federation amounted to about 95 tons in 2023, according to the Deputy Head of the Ministry of Finance Alexei Moiseev cited by RIA Novosti.

“We don’t yet have a final figure for 2023. Individual gold purchases decreased steadily throughout the year before rising sharply in the fourth quarter. Hence, the figure for the year came out to be around 95 tons. To a large extent, it happened in the fourth quarter,” Moiseev noted.

The most popular amount of purchase, according to him, were 100g gold bars, the next most popular was 1kg bars. Demand for gold continued in January 2024, and in some categories there was even a supply shortage, especially for larger gold bars.

Speaking about plans to introduce restrictions on the export of gold from the Russian Federation for individuals, Moiseev noted that “no decision has been made yet [on this issue], a resolution is in the works.”

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