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

Pavlik increased gold production to 9.3 tons in 2023

09 february 2024

In 2023, Russian gold producer Pavlik increased gold output at the mine of the same name in the Magadan region by 29% to 9.288 tons (299,000 ounces), which is an absolute record for the company.

According to the Ministry of Natural Resources and Ecology of the Magadan region, an increase in production by 2.069 tons was achieved due to the commissioning of the second stage of the gold refinery plant last year.

The output of Pavlik-2 at its design capacity will allow to increase production to about 13 tons of gold per year. The total budget of the project exceeded 32 billion rubles.

The reserves of the Pavlik deposit are estimated at 150 tons of gold. The mining and processing plant at the deposit in the Magadan region was opened in 2015, and today the company is among the top 10 Russian gold miners, Interfax reports.

Alex Shishlo for Rough&Polished