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

LBMA to include ASM companies into its gold supply chain

03 april 2024

The London Bullion Market Association (LBMA) has launched an initiative to integrate artisanal and small-scale miners (ASM) into the gold bullion supply chain with its new toolkit for accredited refiners.

"The new ASM toolkit addresses a range of issues specific to the sector, such as the presence of formal regulatory oversight and of pre-refinery aggregators, legal titles and mining licences. The toolkit also takes account of a range of environmental issues," said LBMA in a statement.

LBMA expects the new initiative which aims to engage rather than avoid the ASM sector, to increase legal recognition of miners, strengthen local economies and improve peace and security in mining areas.

“While 20% of global gold production comes from artisanal and small-scale mining, less than 2% moves directly into the formal good delivery supply chain. Much of the rest comes into the market via illicit supply-chains and unregulated recycling, practices which diminish confidence in the legitimacy and environmental integrity of the metal bought by investors and end-users,” said LBMA CEO Ruth Crowell.

The new toolkit for LBMA's Good Delivery List (GDL) refiners is set to provide accredited members of the association with the confidence to handle more ASM gold, and will serve as the basis for engagement with prospective suppliers. It will also play a key role in informing LBMA’s planned outreach to governments and industry stakeholders in Ghana, Peru, The Philippines and Tanzania.

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