Paul Zimnisky warns diamond industry is "killing the proverbial golden goose," urges radical split from LGDs

Diamond industry analyst Paul Zimnisky delivered a sobering assessment of the sector's 2025 performance, placing blame squarely on the trade's own practices. He argued that by marketing natural and lab-grown diamonds (LGDs) as interchangeable...

29 december 2025

Goldplat reports challenging year with strategic shifts amid lower profits

Goldplat PLC's annual report for the year ended 30 June 2025 presents a year of operational and financial challenge, marked by a significant reduction in profitability. The company reported a profit after tax attributable to owners of GBP1,01 million...

22 december 2025

David Johnson: De Beers charts cautious Angola return amid industry transformation

De Beers is rebuilding its presence in Angola through government partnerships and community engagement, marking a strategic comeback following its difficult exit years ago from the diamond-rich nation. However, De Beers spokesperson David Johnson cautioned...

24 november 2025

Maria Krasnova: Colored gemstones are a serious investment

Maria Krasnova, Executive Director of the renowned company “Samotsvety ot Sokolov” (Gems by Sokolov), spoke to Rough&Polished about the Gemstone project aimed at selling precious stones, as well as about current market trends, new challenges...

17 november 2025

Forging a new legacy: Tshenolo Ntshekang on building a black-owned diamond beneficiation business in South Africa

In an industry historically defined by limited access and foreign dominance, Tshenolo Ntshekang is carving a new path. The founder of Banzi and Karolo Projects, a black-owned diamond beneficiation business, Ntshekang, represents a growing wave of...

03 november 2025

Norilsk Nickel and Rosatom mull JV on battery CAM plant

14 october 2024

The Russian mining company Norilsk Nickel and the state corporation Rosatom are negotiating a joint venture to produce cathode active materials (CAM) for lithium-ion batteries in the country.

"Rosatom's TVEL structure is currently in active negotiations with Norilsk Nickel to create a facility to produce cathode materials," RIA Novosti quotes Polar Lithium CEO Igor Demidov as saying. This company is currently developing the largest lithium deposit in Russia, located in the Murmansk region.

"If the agreements with Norilsk Nickel lead to a new investment project to produce cathodes, then we will essentially close the entire [production] chain... from ore mining to lithium-ion batteries."

"Currently, JSC Rosatom Chemistry, the structure of the fuel company Rosatom TVEL, and Norilsk Nickel are discussing the creation of a cathode production facility," a representative of Rosatom said.

Earlier, Nornickel has inaugurated its Battery Technology Center, marking a new phase in the company’s efforts to advance technological capabilities in the promising field of nickel-containing cathode active materials (CAM) - a key component in modern batteries.

The company's Vice President for Innovations Vitaly Busko said that the creation of a scientific foundation for the production of cathode active materials aligns with Russia’s goals of ensuring a full-cycle battery production for electric transportation.

Theodor Lisovoy, Managing Editor, Rough&Polished