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

Indonesian nickel smelters slow down production due to lower ore supply

18 march 2024

Nickel miners in Indonesia, the world's top producer, have scaled down production pending new mining quotas approval from the government which prompted smelters to curb production.

Indonesia requires miners to receive a production quota known as an RKAB. However, in anticipation of this year's presidential election and a change in the permits' duration from one year to three years, the miners have experienced delays to quota allocation. Mining has slowed because of the delay, curbing supply, and the price of the main grade of nickel ore in Indonesia has risen, Reuters reports.

Meanwhile, the Energy and Mineral Resources Ministry said that the process of distributing RKAB quotas will be completed by the end of March.

"RKAB approvals for minerals are still on progress and the plan is to complete them by the end of March," Reuters quotes Irwandy Arif, special staff to the energy and mineral resources minister, as saying.

A total of 723 mineral mining companies applied for quota approvals, Irwandy added.

Many Indonesian smelters started slowing operations in January because of lower ore supply expectations and weak seasonal stainless steel demand, and some have cut production further up to 50% in February, according to the smelter sources quoted by Reuters.

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