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

Norilskgazprom received a license for the subsoil use of the Severo-Vareysky-3 site

22 december 2022
Norilskgazprom has participated in auctions for the right to use the subsoil of three gas-bearing sites located on the territory of the Tazovsky District of the Yamalo-Nenets Autonomous Okrug, sgnorilsk.ru reported.
According to the results of the auction, the daughter of Norilsk Nickel received the right to use the subsoil plot North-Vareysky-3. The other two went to Lukoil – Western Siberia LLC. The one-time payment for the plot amounted to 23 million rubles.
The purpose of the license issued to Norilskgazprom for 25 years is geological exploration, exploration and production of hydrocarbon raw materials: oil, gas and condensate. The plot area is 615 sq km.
There are no open fields on the site, oil resources are estimated at 8 million tons, gas – 73 billion cubic meters, condensate – 7 million million tons.
Within seven years, the company must carry out a complex of works on the study of the subsurface of  its site, while in the first year it will draw up a geological project, on the basis of which seismic exploration and drilling of at least one deep exploration and evaluation well will be carried out in the future.
It is assumed that the well will be built west of the Soleninsky fields.
Norilskgazprom has previously acquired new special equipment for work at the Severo-Soleninsky and Yuzhno-Soleninsky gas fields.

Alex Shishlo for Rough&Polished