Nornickel continues to deliver metals according to its contract obligations

Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper said in its ninth review of the nickel and platinum group metals (PGM) markets that it confirms its production guidance for...


Virtual Diamond Boutique’s New Sales Genie Creates a Modern Selling Experience

Virtual Diamond Boutique (VDB), the jewelry industry’s leading technology company and largest virtual marketplace, has announced yesterday the launch of its new VDB Sales Genie app. An affordable and easy to use selling tool, the app allows sales...


Russia’s Ministry of Finance is not considering the abolition of VAT on the purchase of diamonds by individuals

Deputy Finance Minister Alexey Moiseev said that "initiatives are being considered to stimulate the sale of polished diamonds on the domestic market"


Polar Fund presents the results of the Taimyr expedition

In the run-up to the Polar Explorer’s Day celebrated on 21 May, the Federation Council was presented with the results of the large scientific expedition to the Taimyr and the Norilsk Industrial District (NID) carried out in 2021 by the Artur...


VTB submits proposals to Russia’s Ministry of Finance to stimulate the circulation of polished diamonds in the country

Andrey Kostin, Chairman of the Board of VTB Bank considers it right to exempt from VAT not only the purchase and sale of diamonds by individuals, but also the sale of precious stones by diamond miners to banks and the public, the Vedomosti news daily...


2021’s Diamond Person of the Year

17 january 2022
( - It was an especially extraordinary time for the diamond and jewelry trade. The industry had its best year in over a decade, with strong retail sales boosting polished demand and rough trading. So, when the Rapaport editorial team sat down to discuss who should be our person of the year, there was really one choice that stood out above the rest.