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...

Yesterday

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

Norilsk Nickel's sales geography will remain approximately the same as in 2023

21 february 2024

This year, Norilsk Nickel will sell its products mainly to the same countries and regions as in the last year, noted Mikhail Borovikov, director of the company’s investment community department.

“In terms of sales structure by geography, I think we will remain approximately at the level that we reported in 2023. Maybe there will be some changes, but very, very minor,” Prime agency quotes Borovikov’s comment on Telegram.

Last year, the company noticeably reoriented its commodity flows to the markets of the Asia-Pacific region and the domestic market. The share of the company's revenue in Asia for the first half of 2023 increased from 27% to 49%, in Europe - decreased from 51% to 25%, in North and South America - decreased from 17% to 14%, in Russia and the CIS - increased from 5% to 12%.

Also, according to Borovikov, the discount on Norilsk Nickel products remained minimal.

“For obvious reasons, we do not disclose information about discounts. But even if they exist, they are extremely small,” he added.

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