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

Norilsk Nickel identified a contractor for the construction of the Arctic Museum of Modern Art

02 march 2023
Promstroyengineering company was chosen as the contractor for the construction of the Arctic Museum of Modern Art (AMMA) in Norilsk.
According to Norilsk Nickel, which is financing the project, the builders have already started preparatory work.
The total cost of the works under the competition amounted to 177 million rubles.
"We are not creating a museum of a local or even federal nature. This is an application for world leadership in the Arctic in the field of art and museum business. This is a global museum of reflections on human life in the Arctic through art," said Natalia Fedyanina, Director of the Norilsk Museum. 
"The building has special characteristics. For example, "all the memory of our city" will be placed inside the museum, which visitors and artists will be able to get acquainted with in open storage. We are talking about the collection of the Museum of Norilsk, which today amounts to 80,000 items, and in the future, the project includes the growth of funds up to 100,000."
AMMA is one of the most futuristic flagship renovation projects in Norilsk. Under the roof of the museum there will be not only modern exhibition halls, but also a comfortable zone of hospitality and intellectual leisure, which will be interesting for both adults and children.
It is planned to complete the creation of working documentation at the end of 2024, and the museum should meet the first visitors in 2026, ttelegraf.ru writes.

Alex Shishlo for Rough&Polished