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

URA raises £475k for SA’s Gravelotte emerald mine

29 february 2024

URA issued 23.75 million shares for 2p each, generating working capital of £475,000 in the process for the Gravelotte emerald mine in South Africa.

"We are delighted to announce this successful institutional placing. This significant increase in their investment by well-known UK institutions is a testimony to the quality of our assets, our team, and the progress we have made and will continue to make as we not only start production but focus on post-production activities like sales, marketing, and expansion," said URA's chairperson Ed Nealon

"The proceeds will be used primarily to meet the working capital needs of our operations at the Gravelotte emerald mine once production has commenced and is expected to take us through to first revenue," he added.

URA is continuing to make progress towards the commissioning phase of both the processing facility and the optical sorter at Gravelotte.

Outside the processing plant, the company has approximately 2,500 metric tonnes of ore in stockpiles, ready to be processed.

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