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

ALROSA to ensure operational stability and make important investment decisions this year

04 march 2024

On Monday, the CEO of the Russian diamond mining company ALROSA held a meeting with the head of the Republic of Yakutia to discuss the group’s work plans for 2024.

ALROSA CEO and chairman of the board Pavel Marinychev noted that all key operating and financial indicators of the company are being met in full. According to him, the company has created a financial “cushion” that will allow it to survive a difficult period in the diamond industry.

“The company has prepared for the crisis that is present in the global diamond market this year,” said Marinychev.

According to him, in 2024 ALROSA will have to make a number of important investment decisions regarding the prospects of its deposits.

“The company needs to switch to underground diamond mining, and these decisions need to be made today. In addition, it is necessary to bring smaller deposits online so that in the future there will be a mineral resource base for launching the required production capacities,” he said.

The head of Yakutia Aisen Nikolaev brought attention to ALROSA’s social initiatives and interactions with local administration. Marinychev noted that the company will continue to develop its social responsibility policy.

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