Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

Lyudmila Vysotskaya: Amber is a mystical stone, a living substance

Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...

30 july 2024

De Beers shines light on budding jewellery designers

Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...

22 july 2024

EU significantly reduced copper imports from Russia

01 march 2024

The EU member states purchased 62,372 tons of copper from Russia in 2023, which is 79% lower than the previous year, Vedomosti newspaper reports.

For comparison, in 2021 and 2022, Russia supplied 296,000 tons of metal to the European Union.

According to S&P, Russian copper producers have reoriented exports to China and Turkey. To these countries, the Russian Federation supplied almost half of the supplies that were redirected from the EU, namely 111,580 tons. In 2023, China imported 370,815 tons of copper from Russia (+14% year-on-year), and Turkey purchased 171,260 tons (+61%).

In total, EU countries imported 673,100 tons of copper over the past year, reducing purchases by 20%.

European states have also reduced titanium imports from Russia. In 2023, the EU purchased 6,410.1 tons of metal from Russian manufacturers, which is 20% less than in the previous year. In monetary terms, the value of imports decreased by 12%.

Alex Shishlo for Rough&Polished