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

Heavy rainfalls in Western Australia lead to gold ore processing plant failures

18 march 2024

Recent heavy rainfalls in parts of Western Australia have led to issues for gold miners in the region - from processing plant failures to open pit inaccessibility.

According to Mining Weekly portal, the Gruyere gold mine has suspended operations due to adverse weather conditions, being inundated with about 140 mm of rain. The project is a joint venture between Gold Fields and Gold Road. Laverton Shire road has also been closed down, cutting off access to Gruyere. Despite this, Gruyere’s full-year guidance remains unchanged at between 300 000 oz and 335 000 oz.

At the same time, Westgold company operating in the Murchison and Bryah regions has also suffered from the weather. Flooding has impacted some operations and put a strain on both surface and underground haulage. Wet ore led to crusher failures at Fortnum and Tuckabianna operations.

The company also said that it halted mining at the Paddy’s Flat underground mine which would impact its full-year guidance by 15 000 oz to 20 000 oz.

However, Westgold's full-year guidance across all operations remains unchanged at 245 000 oz to 265 000 oz, but it may be at the bottom-end of this range.

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