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

Chile to double lithium production in the next 10 years to secure its market share

02 april 2024

A long-term shortage in the lithium market may be more detrimental for Chilean producers of the metal than the shorter-term price slump and supply glut, according to the country's finance minister.

“Production needs to increase so that it remains profitable and attractive to manufacture lithium batteries for electro-mobility,” Mining Weekly quoted finance minister Mario Marcel as saying.

As prices fall due to lithium overproduction, more mining companies may scale down output which in the long run can lead to a future shortage. This would send prices soaring and make alternative battery technologies more viable, robbing Chile of one of its major mineral export potentials. This South American country is the world's second biggest lithium producer.

The government recently unveiled a list of salt flats that will be opened up to mining as part of a plan to double output over the next decade under a new public-private model. Two thirds of additional production out of Chile would come from SQM’s planned partnership with state-owned Codelco, and the other third from new projects, Marcel said.

The government expects three or four new projects to be under development by 2026, including the Codelco-led Maricunga venture, one other area currently under the domain of a state company and a couple of private operations, Marcel said. Another mine on the giant Salar de Atacama “would be difficult” given water limits, he said.

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