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

TAGS Dubai sees signs of market stabilization at its February tender

11 march 2024

TAGS Dubai recorded a significant improvement in viewing activity and a slight recovery in sales prices across a wide range of diamonds at its recent tender in February.

The company presented a range of high quality Southern African diamonds, primarily in the +3gr sizes, which included many +10.8ct stones. The overall value of the tender amounted to about $30 million, of which 80% were sold to 50 international manufacturing companies.

Around 150 companies from all the manufacturing centres took part in the sale. According to TAGS, this indicates a growing appetite from manufacturers, who are slowly building up manufacturing capacity and looking to replenish gaps in stock. Interest was particularly focussed on better qualities, from 2ct and up.

"Overall, the general feeling is that demand in 2024 will still be very much contingent on geopolitical events such as conflicts, that mighty significantly shape the global business landscape," the company said in a statement.

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