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

France to subsidize nickel production in New Caledonia

27 march 2024

France is set to make a bailout deal to save the struggling nickel industry in the New Caledonia region before the end of March, finance minister Bruno Le Maire said as cited by Reuters.

The government of France has been holding talks to salvage the loss-making nickel industry and has drawn up a deal to continue providing support. Under the proposed deal, the state would subsidize energy prices alongside local authorities for up to 200 million euros a year and invest in electricity production benefiting local nickel plants.

"I'm calling for the nickel pact to be signed by the end of March ... as it was drafted," Le Maire told journalists.

Local nickel plants in New Caledonia are facing fierce competition from cheap production in Indonesia, the world's top producer. According to Le Maire, the state aid would help lower their production costs and allow them to become profitable. The nickel firms would also commit to supplying more of their output to Europe for improved critical minerals supply security in the region.

New Caledonia has three nickel processors - KNS, Prony Resources and SLN - that have been on the verge of collapse due to high costs, political tensions and weak international prices linked to Indonesian competition.

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