Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future

The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...

29 june 2026

AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp

In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...

22 june 2026

Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report

Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...

15 june 2026

Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens

India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...

01 june 2026

Dr M’zée Fula-Ngenge: Kimberley Process failing Africa

The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...

18 may 2026

In Russia the modernization of old thermal power plants by 6 gigawatts is delayed for a year

16 december 2022
20% of the modernization program of thermal power plants in Russia may be delayed for a year or more, the Kommersant newspaper reported, citing sources in generating companies.
We are talking about 26 projects with a total capacity of about 6 GW for 76 billion rubles. The reason was the delay in the supply of turbines and the increase in the cost of equipment.
Inter RAO postponed the launch of two power units of Nizhnevartovsk GRES for 17 months due to the extended delivery time of turbines by Silmash. The company explained the delay by the high workload of Russian suppliers.
The "Market Council" considered the change in the timing of modernization adequate to the situation that has developed due to sanctions. The regulator does not expect a serious decrease in the reliability of the power system in this regard.
However, experts believe that the arguments of the generating companies are insufficient for such a long transfer. The "Consumer Community" also found the problems with Russian suppliers unconvincing for such a significant disruption of the implementation dates: "it looks more like an attempt by generating companies to avoid responsibility for their own miscalculations."

Alex Shishlo for Rough&Polished