“In the jewellery art, we express our feelings, emotions and share them with others”

Over 30 years, the MOISEIKIN company based in the Ural area has become a famous jewellery brand. The jewellery and souvenirs of this jewellery house made of precious and semi- precious stones and metals are displayed at museums and in private collections...

20 march 2023

Automatic double upgrade of diamonds is not only a questionable practice but could be systemic fraud – Meeus

HRD Antwerp is under investigation by Belgian authorities following allegations that for every Gemological Institute of America (GIA) stone, which entered their lab for certification an automatic upgrade would be given two colours up and one...

13 march 2023

"At House of Ashish Vijay, diamonds and coloured gemstones will only ever mean stones that carry a storied legacy"

Ashish Vijay, a Dubai-based investor, philanthropist, entrepreneur and businessman with decades of experience in the precious gemstone and luxury jewellery industry, finance and investments sectors, set up his business in Dubai in the year 2013. As the...

06 march 2023

KP should remodel its enforcement, accountability mechanisms if it wants to remain relevant - Fula-Ngenge

The African Diamond Council (ADC) is calling on the Kimberley Process (KP) to remodel its enforcement and accountability mechanisms if it wants to remain relevant and effective. ADC chairperson M’zée Fula-Ngenge told Rough&Polished’s...

27 february 2023

Why ODC is taking longer to sell the polished Okavango blue diamond?

Okavango Diamond Company (ODC), a rough diamond marketing company that is wholly owned by the Botswana government, took an extraordinary decision to polish the 20.46-carat Okavango blue diamond recovered at Debswana’s Orapa Mine in 2018. It was...

20 february 2023

Growth in automotive demand set to increase platinum-for-palladium substitution in 2023

17 march 2023
In 2022, platinum automotive demand rose 12 per cent to 2,957 koz, and this year’s forecast anticipates growth of ten per cent, taking it to 3,246 koz, 13 per cent higher than automotive demand for platinum in 2019.
In contrast, global vehicle production reached 82 million units in 2022, some eight per cent below the 89 million units manufactured in 2019. This year, global vehicle production is also expected to remain below 2019 levels, reaching 86 million units.
The key driver behind the growth in platinum-for-palladium substitution is expected to rise by 50 per cent to 540,000 oz this year from 360,000 oz in 2022.
Platinum and palladium both have the necessary physical and chemical properties that make them well-suited to autocatalysis.
Substitution is a far bigger driver of automotive demand for platinum than vehicle production volumes. However, this is changing as demand, supply and the associated cost of purchasing these respective platinum group metals have impacted usage.
In recent years, platinum-for-palladium substitution has gained traction due to a market as well as price - the imbalance between platinum and palladium, incentivising automakers to switch to the equally effective, yet less expensive, platinum.
So, even under a scenario in which platinum and palladium prices moved to parity, the additional platinum demand generated would be sustained over the life of all existing vehicle platforms using platinum.

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