Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

Australia becomes world’s biggest producer of gold for first time

17 september 2021
Australia has become the world’s biggest producer of gold for the first time, having played second fiddle to China for the last decade. Australia unearthed 157 tons of gold in the first half of the year, pipping China by four tonnes.
Australia’s rise to the number one spot comes on the back of a bumper period for its gold mining industry, which unearthed a record 328 tons two years ago.
China’s state-run mining behemoths are not renowned for their transparency. So it is unclear exactly why production in the world’s most populous nation has fallen behind of late.
Whatever the reason, the changing of the guard at the top of the gold medal table reinforces Australia’s status as one of the dominant forces in mining. One of the country’s most prominent gold fields, the Mungari site is one of five across the country run by Evolution Mining which has risen rapidly through the ranks to become one of Australia’s biggest gold mining companies.
Evolution’s executive chairman Jake Klein said: ‘Australia is benefiting from the very high gold price. This has created a lot of momentum in the sector and a lot of production.’
Despite these challenges, gold miners have struck it rich during the pandemic. Gold has traditionally been seen by investors as a haven during times of economic turmoil, as well as a hedge against inflation. But, despite the ups and downs, it has proved a good long-term bet, beating stock markets.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished