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

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