Demand for large lab-grown polished diamonds will grow in high-income countries

Anastasia Shramko is an expert in precious stones, rough and polished diamond market, and an analyst. She is an author of the course “Lab-Grown Diamonds: Gemology and the Market” conducted on the site and in collaboration with the GemAcademia (International...

Yesterday

Waiting for Godot?: Botswana Diamonds awaits Zim kimberlite concessions application outcome

Diamond explorer, Botswana Diamonds applied for kimberlite concessions in the Northwest of Zimbabwe in late 2020. Company managing director James Campbell told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that they are still waiting for...

16 may 2022

“The demand far exceeds the supply,” says Dev Shetty, Founder-President & CEO of Fura Gems

In 2017, after a decade as chief operating officer and board member at Gemfields a coloured gemstone mining company, Dev Shetty took the courageous step of starting, from scratch, a mining company. He named it FURA Gems. Today, it is one of the largest...

09 may 2022

Igor Kulichik: The diamond market is now in the initial phase of turbulence

Igor Kulichik is a well-known expert in the diamond market. He has worked in the diamond industry for 20 years: he was CFO of ALROSA from 2002 to 2017, and a member of the Board of Directors of AGD Diamonds from 2018 to 2022. He is also a member of the...

02 may 2022

There is a classic phrase: “Art is an Ambassador of Peace.” And this is true

Chief Expert of the Gokhran (State Valuables Depository) of Russia Veronika Voldaeva, Art History Ph.D., Honored Worker of Culture of the Russian Federation, author and compiler of the decorative and applied section of the Gokhran’s collection...

25 april 2022

South Africa is set to fill the gap between supply and demand in PMG market

12 may 2022
Speaking at the Investing in African Mining Conference in Cape Town, South African President Cyril Ramaphosa said his country is ready to fill the gap between supply and demand in the platinum metals market emerging after Western sanctions against Russia, allafrica.com said in a report citing the Voice of America.
According to the report, Henk Langenhoven, chief economist for the Minerals Council that represents South African mines, said the sharp rise in oil prices will likely move some countries toward green energy more quickly. This, he said, will further drive up demand for platinum and palladium used in the manufacture of zero-carbon emitting power plants.
Another mining analyst, Peter Major said that South Africa produces half of the world's palladium, 75% of the world's platinum and about 90% of the world's rhodium and because the world is restricting the platinum and palladium coming from Russia, it is squeezing the price up putting South Africa in a great position.
The conference, which is closing today, is attended by the presidents of Botswana and Zambia and the prime minister of Democratic Republic of Congo. Also attending is Jose Fernandez, the U.S. undersecretary for economic growth, energy and the environment. Fernandez is the highest-ranking U.S. official ever to attend the conference.