Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

New large shipbuilding centres to be set up in Russia

15 july 2022

The Ministry of Industry and Trade is examining the possibility of creating another Russian centre for large-tonnage shipbuilding to partially meet the growing demand for new heavy-tonnage vessels. This was announced on June 29, 2022 by Boris Kabakov, Director of the Department of Shipbuilding Industry and Marine Engineering of the Ministry of Industry and Trade, on the sidelines of the Shipbuilding in the Arctic forum held in Arkhangelsk, according to a report published by porarctic.ru.

In turn, the United Shipbuilding Corporation (USC) is going to establish partnerships with foreign shipyards to solve the same problem and provide the Russian commercial fleet with new large-capacity vessels. According to Alexander Babich, the USC representative, shipbuilding enterprises from Iran, Brazil and India could take part in the international cooperation. In addition, the USC aims at developing the existing shipyards in Russia. One of the possible options is the modernization of the Murmansk shipbuilding facilities.

The need to increase the national commercial fleet is directly related to the development of the Arctic. The growing economic activity beyond the Arctic Circle, the increase in the exports of raw materials and energy carriers, the promotion of coastal trade and international transit navigation on the NSR (Northern Sea Route) are the factors that form new needs for vessels, including the ones with a large cargo carrying capacity.

It should be mentioned that on the sidelines of the SPIEF-2022, CEO of Novatek, one of the key Arctic players in Russia, announced the company’s desire to significantly expand its own fleet of vessels. Currently, most orders in this area are fulfilled by the modern Far Eastern shipyard Zvezda, but its capacities are not sufficient to meet the growing demand. The creation of new shipbuilding centres in Russia, the retrofitting and upgrading of all the existing facilities will further stimulate the industrial development of the country and its northern regions, it will have a multiplicative effect, and the country’s economy will benefit.