Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...


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

Adriatic commissions silver and lead mine in Bosnia

13 march 2024

Adriatic Metals, an ASX-listed company, has put a new silver and lead mine in operation. The Vareš project is located in Bosnia and Herzegovina and it is the first producing asset in Adriatic’s portfolio of metals projects in Europe.

The Vareš processing plant is sourcing its raw materials from the Rupice mine that was commissioned in July last year. Adriatic will now focus on plant optimisation and ramp-up to the nameplate capacity of 800 000 t/y set to be reached by the end of 2024. The cost to build the Vareš project amounted to €200 million ($219 million).

"We see the recent legislation passed by the EU around sourcing their critical raw materials internally recognises the need for Europe to be independent in resourcing its own future," said Adriatic’s Chief Operating Officer Matthew Hine to Euronews.

"Bosnia and Herzegovina has a huge role to play within that. The concentrate we are producing, which is shipped throughout Europe, contains all metals which are really important in a green and clean (energy) transition."

Once the operation is up and running, the mine is set to contribute more than 2% to the Bosnian GDP. Commenting on the Vareš milestone, Bosnia and Herzegovina Prime Minister Nermin Nikšić said: "We are showing that successful investment is possible in the Federation of Bosnia and Herzegovina, and beyond."

The metal concentrates from Vareš will be transported to an export harbour in Croatia, and final destinations are metal smelters in Germany, Scandinavia and other European countries.

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