GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Oksana Senatorova: The trend is a decrease in regional jewelry retailers and an increase in large federal store chains

Oksana Senatorova has long been known in the Russian jewelry community as an expert in the jewelry market. During her visit to the Junwex New Russian Style exhibition held in May in St. Petersburg, Oksana Senatorova answered the Rough&Polished correspondent’s...

28 may 2024

De Beers collaborates with sightholders on carbon neutrality

In 2021 De Beers, which has operations in southern Africa and Canada, set an ambitious target of becoming carbon neutral by 2030. The diamond miner had been working with its rough diamond customers known as sightholders to understand their environmental...

20 may 2024

Dr M'zée Fula Ngenge: KP has an opportunity to deliver an updated definition of conflict diamonds

Dr M'zée Fula Ngenge told Rough&Polished’s Mathew Nyaungwa that the KP has the perfect set of circumstances to restore the certification scheme's credibility by backing, ushering in and implementing an effective traceability solution for the...

13 may 2024

Zimnisky: Diamonds are incongruent with Anglo's longer-term strategy of focusing on commodities for green infrastructure

It was recently reported that the diversified miner Anglo American, which is subject to a takeover by BHP Group for $39 billion, is considering selling its subsidiary De Beers. New York-based independent diamond and jewellery analyst Paul Zimnisky told...

06 may 2024

Canadian miner loses arbitrage case against Romania over cancelled gold mine

22 march 2024

Canada-based mining company Gabriel Resources has failed to win an arbitrage trial filed against the Romanian government over the proposed gold project in a UNESCO-protected ancient mining area of Rosia Montana.

The miner sought a compensation of at least $4.4 billion in damages for the failed project that was expected to become Europe's largest open pit gold mine.

"The Romanian government salutes this decision and thanks everyone involved in defending the interests of the Romanian state," the cabinet of Romania's Prime Minister Marcel Ciolacu said in a statement cited by Reuters.

Gabriel Resources gained concession rights to the Rosia Montana area in 1999, but the project was constantly in a spotlight from civil rights and environmental activists who argued the project would destroy ancient Roman mine and lead to an ecological disaster. In 2021, UNESCO added Rosia Montana to its list of protected World Heritage Sites.

The Romanian government, which had a 20% stake in the project, officially withdrew its support for the mine in 2014 after months of country-wide street protests against it. Rosia Montana's remaining reserves were estimated at 314 t of gold and 1,500 t of silver.

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