Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 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increase by 60%, which poses a risk of catastrophic consequences for the climate and the environment, according to an unpublished UN study cited by The Guardian.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