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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Canada and Japan follow EU and USA in tighter sanctions against Russian diamonds

01 march 2024

On March 1, a ban on the import of diamonds of Russian origin into the EU came into force; Canada and Japan also introduced similar restrictive measures. The United States previously introduced its own ban on Russian diamond products.

In particular, the Canadian authorities decided to introduce additional measures to ban the import of Russian diamonds: citizens of this country both in Canada and abroad, as well as citizens of other countries in Canada, are now prohibited from importing, purchasing or acquiring non-industrial rough and polished diamonds of Russian origin, as well as unsorted diamonds.

Meanwhile, Japan has also tightened its import restrictions. Now the ban not only applies to direct supplies of diamond products from the Russian Federation, but from third countries as well. As part of the new sanctions measures announced on March 1, it is emphasized that a ban will be introduced on the import of Russian non-industrial diamonds, even if they were processed outside of Russia, TASS reports.

In December 2023, the Group of Seven (G7) countries announced the restrictions on the import of diamonds mined or processed in Russia from January 1, 2024. From March 1, restrictions are introduced in relation to Russian diamonds that have been cut or processed in other countries.

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