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

Global mining can lead to catastrophic consequences for the climate

02 february 2024

By 2060, global extraction of natural resources will increase by 60%, which poses a risk of catastrophic consequences for the climate and the environment, according to an unpublished UN study cited by The Guardian.

The study notes that mining has already become the main cause of global warming and such adversary effects as land-use change, air pollution, water scarcity and loss of biodiversity.

According to Janez Potocnik, a former European commissioner and co-chair of the UN group that conducted the research, an increase in the extraction of raw materials on a projected scale is likely to lead to more frequent and severe climate disasters such as storms and droughts.

Therefore, reducing resource consumption is essential to minimize environmental pressure. To solve this problem, the policy of the world community in relation to the closed-loop economy should focus not only on GDP growth, but also control the production of "green" goods, experts warn.

So, according to their data, electric vehicles consume almost 10 times more "critical raw materials" compared to conventional cars, and achieving zero emissions from transport by 2050 will require a six-fold increase in the extraction of necessary minerals.

Alex Shishlo for Rough&Polished