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

Barrick pursues new opportunities in DRC’s gold and copper ventures

25 march 2024

Barrick Gold is pursuing new opportunities in gold and copper with the government of the Democratic Republic of the Congo (DRC), according to a senior company official.

Mining Weekly quoted president and chief executive Mark Bristow said the company's intentions are inspired by the achievements of Kibali, the largest gold mine in Africa.

Bristow highlighted the significance of Kibali's contribution to the transformation of the formerly impoverished northeastern region into a thriving commercial centre and a new economic frontier.

“Of our $5-billion investment in the DRC, more than half has been spent with local contractors and suppliers, many of whose growth into substantial businesses we have promoted by enhancing their commercial and technical skills and providing them with the opportunities to exercise these,” he said. “Kibali’s third hydropower station, for example, was built by an all-Congolese team.”

The scheduled commissioning of a 16MW solar plant and accompanying batteries in 2025 contributes to Kibali's progress towards renewable energy.

By utilising renewal power exclusively during the six-month rainy season, the facility will increase its reliance on renewable energy from 81% to 85%.

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