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

Earnings on investment diamonds in rubles amounted to 20% in 2023 - ALROSA

21 march 2024

Last year, the profitability of investment diamonds in rubles turned out to be high despite the global diamond industry slowdown, the representatives of the Russian diamond mining company ALROSA noted.

Demand for large, high-quality diamonds, which can be classified as investment diamonds, remained stable despite the price correction for small and relatively inexpensive diamonds, said Elena Sukhoveyeva, head of the ALROSA Diamond Exclusive program.

The Moscow Exchange Investment Diamond Index increased by 19.9% by the end of 2023, and the cost of 5-carat high-quality diamonds increased by 34%. Fancy colored diamonds have also increased in price significantly: pink diamonds were up 36%, and yellow diamonds appreciated by 39%.

According to Sergei Takhiev, the head of ALROSA’s corporate finance department, a structural shortage of natural diamonds will become more and more noticeable in the coming years due to the gradual depletion of existing deposits, on the one hand, and the growth in global consumption of luxury goods, including jewelry, on the other.

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