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.

11 april 2024

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

Denmark to ban one of the fuel types for Arctic ships

07 february 2024

The Danish government plans to ban the use of heavy oil as fuel for ships in the Arctic from July 1, RIA Novosti reports, citing the kingdom's Environment Minister Magnus Heunike.

According to him, if an oil leak occurs from the ship, it will create a great risk to the marine environment, which is especially dangerous for the Arctic, where the marine environment and coastal ecosystems are particularly vulnerable.

"Therefore, we are stopping the use or transportation of heavy oil on ships as fuel when they sail in the Arctic," Heunike said.

The ban will have to partially limit ocean and air pollution from oil leaks, since heavy oil, compared with lighter fuels, "emits more particles, including so-called black carbon, CO2 and more sulfur."

The ban will come into force on July 1, 2024, but during the transition period, until July 1, 2029, a number of exceptions will be made.

Alex Shishlo for Rough&Polished