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

Sibanye-Stillwater temporarily suspends production at SA platinum mine after accident

22 march 2024

Production from Sibanye-Stillwater's Siphumelele shaft in Rustenburg, South Africa, has been temporarily suspended due to damage to surface infrastructure on February 29.

A mishap occurred when a collector bin connected to the shaft headgear broke loose and plummeted to the ground, causing harm to the surface ore conveyor belt system.

The company said production had to be suspended due to the incapacitation of the ore collector bin and the collapse of the conveyor system.

Fortunately, there were no injuries reported as a result of the incident.

Sibanye is currently conducting investigations to determine the cause of the incident, while also evaluating the potential impact on the annual production from the Siphumelele shaft.

The Siphumelele shaft is expected to generate an average of 4,500 ounces of platinum, palladium, rhodium, and gold (4E) per month this year.

This represents about 3.5% of Sibanye's annual output from its platinum group metals operations in South Africa, excluding third-party processing.

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