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

G20 countries increased gold reserves by 213 tons in 2023

19 february 2024

The volume of gold reserves held by central banks of G20 countries increased by 213 tons in 2023, RIA Novosti reports.

Of the total volume, Russia's reserves increased by 16 tons, to 2,351 tons.

China was in the first place in terms of purchases of gold to its reserves which stood at 224 tons. Currently, China's gold reserves amount to 2,236 tons. Australia acquired 21 tons of precious metal in 2023, increasing reserves to 77.5 tons. India's reserves increased by 17 tons to 804 tons. Mexico replenished its reserves by 1 ton, to 121 tons of gold. France acquired 0.3 tons of gold for its reserves, increasing the total amount to 2,347 tons.

At the same time, Turkey and Germany sold gold from reserves last year. They decreased by 60 tons to 726,5 tons and by 2.5 tons to 3,356 tons, respectively.

A number of countries have kept their gold reserves intact in 2023. In particular, the US gold reserves was flat at 8,133 tons, Italy stood at 2,452 tons, Japan - 846 tons, Great Britain - 310 tons.

Canada does not have gold reserves in its central bank.

Alex Shishlo for Rough&Polished