Exclusive
De Beers swings to $511m loss as diamond market weakens
De Beers recorded an underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss of $511 million in 2025, swinging from a $25 million loss in the prior year, as challenging trading conditions and stock rebalancing...
02 march 2026
Svetlana Stepanova: A jeweller must consider many factors when creating a piece
The Russian jewelry brand Cappulo was founded in Moscow in 2010 by jewelry designer Svetlana Stepanova. It specializes in premium handcrafted jewelry pieces featuring 18K gold and rhodium-plated silver. Svetlana is a winner of the Russian Diamond Line...
23 february 2026
African Diamond Council threatens alternative certification system
The African Diamond Council (ADC) has launched a scathing critique of the Kimberley Process Certification Scheme (KPCS) and issued a direct ultimatum to the incoming 2026 chair, India, demanding fundamental reforms or facing Africa's...
26 january 2026
Paul Zimnisky warns diamond industry is "killing the proverbial golden goose," urges radical split from LGDs
Diamond industry analyst Paul Zimnisky delivered a sobering assessment of the sector's 2025 performance, placing blame squarely on the trade's own practices. He argued that by marketing natural and lab-grown diamonds (LGDs) as interchangeable...
29 december 2025
Goldplat reports challenging year with strategic shifts amid lower profits
Goldplat PLC's annual report for the year ended 30 June 2025 presents a year of operational and financial challenge, marked by a significant reduction in profitability. The company reported a profit after tax attributable to owners of GBP1,01 million...
22 december 2025
Russia may create new corporation for Arctic exploration and development
28 november 2025
To coordinate the development of the Russian Arctic within the framework of the new integrated project "Arctic and Transarctic Transport Corridor", the creation of which was supported by President Vladimir Putin, it is necessary to create a special development corporation, said Andrey Chibis, Governor of the Murmansk Region.
Russian engineers find a way to extract Arctic oil without melting permafrost
24 november 2025
Engineers from the Perm National Research Polytechnic University have found a way to extract oil in the Arctic without melting permafrost, which can cause a well collapse.
International Arctic Forum to be held in Murmansk from 2027
21 november 2025
The International Arctic Forum "Arctic - Territory of Dialogue" will be held in Murmansk from 2027, according to an order signed by Russian prime minister Mikhail Mishustin.
Krasnoyarsk Territory parliament member shares progress on public-private partnership in Norilsk
19 november 2025
Dmitry Sviridov, Deputy Chairman of the Parliament of the Krasnoyarsk Territory, spoke about the experience of interaction between authorities at different levels and city-forming companies in Norilsk.
Oil deliveries from Russia to China via NSR become longer
17 november 2025
Russia’s oil shipments through the Arctic Ocean are encountering increasing delays because of US sanctions, Bloomberg reports.
Keel laying of new Stalingrad icebreaker to take place in Russia in November
11 november 2025
The keel laying ceremony for Russia's new nuclear-powered icebreaker Stalingrad will take place in November 2025 at the Baltic Shipyard in St. Petersburg.
Norilsk Airport to be renovated soon
07 november 2025
Modular buildings with departure, arrival and waiting areas will appear in the second quarter of 2026 at Norilsk Airport.
