Exclusive
Diamond market crash is Africa’s opportunity, not its crisis – M'zée Fula Ngenge
Global natural diamond supply is forecast to fall below 95 million carats this year, the lowest since 1987. For Dr. M'zée Fula Ngenge, chairperson of the African Diamond Council (ADC), this is not a death knell but a clarion call. In an exclusive...
12 october 2026
Tracr passes 5 million rough diamonds milestone as De Beers expands provenance push
De Beers Group's blockchain-enabled traceability platform Tracr reached a significant milestone in 2025, with more than 5 million rough diamonds individually scanned and registered, up from 2.8 million cumulative registrations reported in 2024. The...
28 september 2026
South African diamonds head to Hong Kong: SDT partners with BRINKS for JGW 2026
South Africa’s State Diamond Trader (SDT) has confirmed the country's participation in Jewellery & Gem World Hong Kong (JGW) 2026 through a partnership with BRINKS. SDT marketing and communication manager Tsholofelo Gopolang Tselapedi...
14 september 2026
David Benderly: PermaScribe seeks to put trust mark on diamond table, not just girdle
In this interview with Rough & Polished’s Mathew Nyaungwa, PhotoScribe Technologies president and chief executive David Benderly explains how PermaScribe differs technically from conventional laser inscription, its potential to strengthen security, and...
31 august 2026
The great reset: Paul Zimnisky on supply catharsis, De Beers' bargain and the case for natural diamonds
The natural diamond industry is in the throes of its most profound reset in a generation. Supply is plunging to its lowest level since 1987 and De Beers—once valued at over $9 billion—is reportedly being sold for as little as $1 billion.
Lab-grown...
10 august 2026
Novatek to order in Turkey floating power plant for Arctic LNG-2
As goarctic.ru reports, this solution will eliminate the problem that arose due to the refusal of the American Baker Hughes to supply gas turbines to Russia, which are necessary for gas liquefaction and power supply of production lines of one of the largest domestic polar projects.
The LM9000 turbines were already contracted by Novatek: Baker Hughes was supposed to produce about 20 LM9000 turbines with a capacity of up to 75 MW for Arctic LNG-2, created on the basis of an engine for a Boeing 777 aircraft, but the deal fell through due to sanctions against Russia.
There were no domestic analogues – the Power Machines company operating in this niche offers industrial turbines with excess capacity for this project, so a Turkish manufacturer was chosen.
The issue of power supply of the second and third lines of the plant remains open. Perhaps this task will be solved during the redesign - by replacing turbines with electric drives (which will require the construction of additional power processing facilities); an alternative option is to continue cooperation with Karpowership and purchase new floating stations of Turkish production.
Alex Shishlo for Rough&Polished
