The great reset: Paul Zimnisky on supply catharsis, De Beers' bargain and the case for natural diamonds

The natural diamond industry is in the throes of its most profound reset in a generation. Supply is plunging to its lowest level since 1987 and De Beers—once valued at over $9 billion—is reportedly being sold for as little as $1 billion.
Lab-grown...

10 august 2026

Roman Karakurkchi: Maintaining the highest standards of jewelry craftsmanship

Roman Karakurkchi is the founder of the Roman Karakurkchi jewelry brand and the International Jewellery School that brings together instructors from Russia, the USA, the Netherlands, Spain, Belgium, Italy, and Germany, as well as students from 65 countries...

03 august 2026

Mehul Shah pledges to bring new approach to leading WFDB

Mehul N. Shah, who was elected in July as President of the World Federation of Diamond Bourses at the 41st World Diamond Congress in Singapore, is one of India's best-known diamantaires and a prominent leader in the international diamond industry...

27 july 2026

Charlotte Rose on making history, modernising the London Diamond Bourse, and why finance is the industry’s silent crisis

When Charlotte Rose was elected president of the London Diamond Bourse in June 2026, she didn't just break an 86-year tradition—she became the first woman to lead any diamond bourse globally. In an exclusive interview with Rough & Polished’s Mathew...

20 july 2026

Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future

The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...

29 june 2026

Hudbay delivers strong Q2 2025 results

14 august 2025

Hudbay Minerals Inc. released its second quarter 2025 financial results. 

It achieved revenue of $536.4 million (Q1 2025 - $594.9 million) and adjusted EBITDA of $245.2 million (Q1 2025 - $287.2 million).

Strong financial results were driven by attractive operating cost margins and significant exposure to copper and gold across Hudbay’s diversified operating portfolio.

In the second quarter consolidated copper production totaled 29,956 tonnes (Q1 2025 - 30,958 tonnes) and consolidated gold production - 56,271 ounces (Q1 2025 - 73,784 ounces).

The company reaffirmed full year 2025 consolidated production guidance of 117,000 to 149,000 tonnes of copper and 247,500 to 308,000 ounces of gold.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished