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

South Africa launches exploration fund

06 february 2024

South Africa cleared all the regulatory hurdles and approvals to launch the country’s exploration fund on the sidelines of the African Mining Indaba in Cape Town on Tuesday. 

“The establishment of this fund will catalyse some of the discoveries we have made, such as the discovery of rare earth-bearing minerals such as lithium, coltan, and phosphate in a rock formation known as pegmatine in the Northern Cape, Kwa-Zulu Natal, Mpumalanga, and Limpopo,” said minerals mines minister Gwede Mantashe while addressing delegates.

“These discoveries have brought to the fore the urgency and need for South Africa to finalise and put in place its own critical minerals strategy, which we intend to launch this year.”

He said only developed countries have a strategy and definition of critical minerals to date.

Meanwhile, Mantashe said they remain resolute about resolving the energy constraints in the country and reducing unserved energy in totality to support the economy and the mining industry in particular.

To this end, he said, the country reviewed the 2019 Integrated Resource Plan (IRP) and gazetted the updated version for public comments.

Following the promulgation of the IRP, South Africa procured 6,094 MW of new generation capacity.

Of these, 1 234 MW are under construction, and 150 MW are connected to the grid and supply the required electricity.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished