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

Gokhran sells polished diamonds from reserves for $1.25 million

05 march 2024

The Gokhran of Russia sold 3,505 carats of polished diamonds from the State Fund of Russia for $1.25 million at its auction on February 27.

In 2024-2026, the Ministry of Finance of the Russian Federation plans to sell precious metals and precious stones from state reserves worth 1 billion rubles annually. The focus of these sales will mostly be on low-value and low-liquidity products such as -sized rough and polished diamonds, mass-produced jewelry made from precious metals and precious stones, as well as other types of similar valuables that are not of interest for long-term storage in the State Fund of Russia.

Meanwhile, on March 19, Gokhran will hold the first auction of non-special size diamonds for 2024. The auction will include lots with an initial value of $9.66 million and a total weight of 205,000 carats.

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