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

Zim Central Bank amasses nearly a tonne of gold reserves – report

16 february 2024

Gold reserves at the Central Bank of Zimbabwe have grown by 793 kilogrammes (25,000 ounces) since the implementation of a law requiring mining companies to pay a portion of their royalties in the metal.

Reserve Bank of Zimbabwe Governor John Mangudya was quoted by Bloomberg as saying that mines in the southern African nation produced 30.1 tonnes of gold last year compared to the previous year's record high of 35.3 tonnes.

The consolidation of gold reserves coincides with Zimbabwean authorities contemplating the use of the country's depreciated currency as collateral to end persistent exchange rate instability.

The Zimbabwean Ministry of Finance implemented royalties in September 2022 to increase the nation's mineral reserves.

Zimbabwe has platinum reserves, ranking third globally, in addition to gold. The country also produces diamonds, nickel, chrome, and lithium.

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