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...

16 april 2024

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

DRC, Chinese investors sign revised Sicomines copper and cobalt JV agreement

15 march 2024

An agreement was signed between the Democratic Republic of Congo (DRC) and Chinese investors, revising certain terms of their Sicomines copper and cobalt joint venture, according to a senior government official.

"Today, at the end of several months of negotiations, we reached this advent," Reuters quoted DRC's infrastructure minister Alexis Gisaro as saying.

President Felix Tshisekedi had sought to renegotiate the terms of the joint venture to ensure greater benefits for Congo, which is the world's largest cobalt producer.

In the updated agreement, it has been mutually decided that China will increase its investment in infrastructure projects in the central African country to $7 billion, a significant increase from the initial $3 billion.

In addition, Chinese partners such as Sinohydro and China Railway Group have agreed to pay 1.2% of royalties annually to Congo while keeping the same shareholding structure.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished