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

Nornickel and Atomflot sign a long-term charter contract for a new icebreaker

09 december 2022
The parties signed the contract earlier today at a forum called ‘Arctic: Today and the Future’ held in St Petersburg. The signatories were Sergey Dubovitsky, Nornickel Senior Vice President for Strategy, Strategic Projects, Logistics and Procurement, and Leonid Irlitsa, Atomflot Acting General Director.
The new contract is unprecedented in duration. A Project 22220 icebreaker will escort vessels navigating the Northern Sea Route in the interest of Nornickel for a period through 2041 and extendible through 2051. Currently, Nornickel charters Sibir — a nuclear-powered icebreaker of the Project 22220 type — under a short-term contract. Since early 2022, she has supported year-round navigation on the Murmansk/Arkhangelsk — Dudinka route and escorted ships in the Yenisey Gulf at a service speed.
The contract provides for breaking land-fast ice in the Yenisey River and maintaining navigable passages from the Yenisey Gulf to the port of Dudinka. It also includes icebreaker support for the vessels travelling in the area stretching from the western edge of the ice to the port of Dudinka and/or in the opposite direction (western section of the Northern Sea Route and the Kara Sea).
The new contract makes part of the far-reaching partnership between Nornickel and Rosatom aimed at developing the Northern Sea Route. The partnership meets long-term interests of the parties: Nornickel as a major consumer of icebreaker escort services is guaranteed icebreaker support for an extended period, while Rosatom as the Northern Sea Route infrastructure operator secures orders for its current icebreaking fleet and a source of funding for the construction of new icebreakers.
Nornickel charters two nuclear-powered icebreakers Vaygach (Taymyr type) and Sibir (Project 22220) operated by Atomflot and one diesel electric icebreaker Admiral Makarov operated by Rosmorport. These icebreakers can escort up to 11 vessels to the port of Dudinka every month.
In addition, Rosatom and Nornickel continue to work on the design of a diesel electric icebreaker and collaborate in such areas as icebreaker support in ports and ship repairs.
“A sizeable increase in cargo traffic to the Norilsk Industrial District makes Nornickel hire more icebreaking capacity. The increase is associated with a number of infrastructure projects carried out by Nornickel and other companies on Taymyr, and the launch of a large-scale renovation programme in Norilsk. We have expanded our logistics infrastructure to fulfil those tasks. In particular, the number of sea voyages and cargo traffic in Dudinka during the last winter navigation season increased 75% and 40%, respectively, as compared to the previous years’ average. The long-term contract with Atomflot and a new Project 22220 icebreaker chartered on a regular basis will expedite delivery of cargoes to Norilsk and secure successful completion of our strategic projects,” Sergey Dubovitsky said at the signing ceremony.
“Our long-standing partners praise the performance of the Sibir nuclear icebreaker on the Yenisey River,” Acting General Director at Atomflot Leonid Irlitsa said. “The Project 22220 nuclear icebreaker demonstrated its ability to ensure efficient transportation of Nornickel’s products. I would like to note that this contract can be extended for two consecutive periods of up to five years each provided Nornickel is interested in it.”
For reference:
Nornickel has its own Arctic fleet, which consists of six ARC7 reinforced ice class vessels, including five Norilsk Nickel type container vessels and one Yenisey tanker. The unique design and the Azipod propulsion system allow them to sail though ice up to 1.8 m thick without icebreaker support.
In 2010 and 2011, Nornickel’s vessels completed their first-ever independent journey all along the Northern Sea Route in a single navigation season. Crossing the route from west to east and in the opposite direction, they delivered Nornickel’s products to the ports of Southeast Asia and returned with a cargo of supplies.
Apart from transporting the Company’s cargo, the fleet plays an important role in catering to the needs of local residents, with some 110,000 tonnes of food and consumer goods shipped annually to the port of Dudinka.
Nornickel also owns several river ports, the sea port of Dudinka, and a transhipment terminal in the port of Murmansk. The ports are well equipped to service the Company’s ships.
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and other products.
The production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland.
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are accepted for trading on the Saint-Petersburg Stock Exchange.

Vladimir Malakhov, Rough&Polished