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

Nornickel’s subsidiary issues digital token for base and precious metals basket

15 march 2024

GPF Investments, a subsidiary of Norilsk Nickel, has issued Russia's first digital token for a basket of five metals: gold, palladium, platinum, copper and nickel.

According to Nornickel’s press service, the new diversified portfolio makes it possible to balance risk and return. The token value is automatically calculated based on a formula that incorporates the quotations of two major commodity exchanges: the London Bullion Market Association (LBMA) and the London Metal Exchange (LME).

Vladimir Pronsky, CEO of GPF Investments, commented: “We are offering investors a truly unique digital financial asset for Russia. This new product reflects not only Nornickel’s general commitment to innovation but also the company’s focus on the Russian private investment sector. In an era where macroeconomic uncertainty becomes the new norm, our digital products demonstrate what the ’safe haven’ of the future could look like.”

The issue volume of the new digital financial assets is 11 million rubles, with a circulation period of one year. To fulfill its obligations, GPF Investments acquires the required amount of precious metals at the issuance of the financial instrument. The new DFAs are aimed at qualified investors.

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