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.

Yesterday

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

DRC surpasses Peru to become the world’s second-largest copper producer

26 march 2024

The Democratic Republic of the Congo (DRC) surpassed Peru to become the world's second-largest copper producer in 2023, according to media reports.

However, Reuters reports that official data from both nations indicate that it still falls behind Peru in terms of exports.

Last year, Peru managed to export a staggering 2.95 million tonnes of the metal, surpassing its annual production.

Chile continues to hold its position as the leading producer of the red metal.

The Central Bank of the Congo reported last year that the country produced about 2.84 million tonnes of copper.

Peru's output reached 2.76 million tonnes, according to the country’s mining and energy ministry.

The decline in mining investment in Peru has been attributed to bureaucratic hurdles, recent political unrest, and demonstrations.

Peru's minister of energy and mines, Rómulo Mucho, recently expressed optimism about the future of copper production, projecting an increase to 3 million tonnes by 2024.

Major mining firms, such as Freeport-McMoRan, MMG Ltd, BHP, Glencore, Teck Resources, Mitsubishi, and Southern Copper of Grupo México, have established their presence in Peru's Andes.

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