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.

Yesterday

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

Endeavour approaches court to stop strike in Burkina Faso

02 february 2024

An Endeavour Mining unit has filed a lawsuit to stop a strike in Burkina Faso that has hampered operations at its second-largest gold mine.

A subsidiary that administers the Hounde project filed procedures in a Burkinabe court on January 26 to “highlight the illegality” of the “unplanned work stoppage” that began five days earlier, according to Bloomberg.

The memo, signed by Hounde's general manager, Adama Savadogo, states that the Endeavour business is seeking an injunction from a Bobo-Dioulasso court.

Hounde, 250 kilometres southwest of Ouagadougou, produced over 30% of Endeavour's 1.1-million-ounce gold last year.

Mining output is predicted to drop 7% to 290,000 ounces in 2024.

The firm has assets in Senegal and Ivory Coast.

An unnamed Burkina Faso mining ministry official claimed a delegation went to the mine to facilitate negotiations between the workers and the company.

He said Burkina's gold output could suffer if the conflict continues unabated.

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