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

Southern Palladium operating loss narrows at SA PGM project

18 march 2024

Southern Palladium, which owns the Bengwenyama Platinum Group Metal (PGM) project in South Africa, recorded an operating loss of A$3,2 million ($2.1 million) for the period ended December 31, 2023, up from the previous year’s loss of A$3,8 million ($2.5 million).

Its basic loss per share also decreased to A$0.035, down 33% compared to a loss of A$0.052 a year earlier.

The company's revenue rose 819% to A$435,475 during the period under consideration compared to the previous year’s A$47,391.

The Bengwenyama project, which is situated within two farm boundaries — Eerstegeluk and Nooitverwacht — is a large, shallow, advanced exploration and pre-development PGM opportunity situated on the eastern limb of the Bushveld Complex, which holds approximately 72% of the world’s PGM resources.

Southern Palladium said it is well-funded to complete its pre-feasibility study at Bengwenyama, which already contains an indicated and inferred mineral resource estimate of 26.2 million ounces.

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