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

RUSAL loses lawsuit against Rio Tinto in Australia for access to refinery

02 february 2024

Russian aluminum producer RUSAL has lost a lawsuit against Rio Tinto for its 20% share of production from the Queensland Alumina Ltd (QAL).

The Russian company has 28 days to file an appeal on the Australian Federal Court decision.

“It must be emphasized that this court decision does not deprive RUSAL of its ownership rights to a share in this asset. This also does not affect the current operating activities of RUSAL in the world,” said a company representative.

RUSAL told a TASS correspondent that the company was disappointed with the court’s decision and was studying it. “We have 28 days to file an appeal,” the agency’s representative added.

RUSAL lost access to a major part of its alumina imports due to sanctions and the Russian war against Ukraine. Australia banned the export of alumina, while a refinery in Ukraine suspended its operations, prompting the Russian producer to turn to China and other countries to ensure adequate supply to its Siberian aluminum smelters.

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