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

141 gold deposits discovered in Russia in 2023 – Rosnedra

29 march 2024

141 gold deposits were discovered in Russia in 2023, which makes it possible to start mining about 140 tons of the precious metal in the near future, said the head of the Federal Agency for Subsoil Use (Rosnedra) Yevgeny Petrov during a working meeting with Russian Prime Minister Mikhail Mishustin.

According to Petrov, despite talks about the stagnation of the mining and exploration sector in Russia, it is developing steadily and there is no reduction in financing, primarily from subsoil user companies.

The head of Rosnedra also noted that the Polar Lithium company is moving to pilot production in less than a year and a half, and in 2025 it plans to provide the country with lithium, which is still being imported as of now.

In addition, Russia plans to begin the production of tungsten and niobium by 2027-2028 and titanium by 2030, Petrov said.

Alex Shishlo for Rough&Polished