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...

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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...

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South African diamonds head to Hong Kong: SDT partners with BRINKS for JGW 2026

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David Benderly: PermaScribe seeks to put trust mark on diamond table, not just girdle

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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

Canada moves its Arctic center from Norway to Ottawa

28 june 2023

Canadian foreign ministry decided to shut down its Arctic center in Oslo and move it to home territory, National Post reported.

Two weeks after Foreign Affairs Minister Mélanie Joly promised to increase Canada’s presence abroad, her department is shutting down the Canadian International Arctic Centre (CIAC) headquarters in Norway and relocating it to Ottawa, sparking controversy over the decision.

In a statement, the spokesperson for the Global Affairs Canada (GAC) department argued that the move back to Ottawa would “allow the team to better cooperate with other government departments and agencies, enhance our capacity to deliver on the department’s international Arctic mandate, and strengthen implementation of the International Chapter of the Arctic and Northern Policy Framework.”

But the decision appears in stark contrast to promises by Joly as well as the findings of Future of Diplomacy, the major overhaul of the department published in early June.

GAC’s review notably found that Canada’s presence, and thus influence, abroad has diminished over the years. The country spends considerably less on foreign affairs, trade and international assistance per capita than many of its allies, and it has diplomatic presence in fewer countries than all its G7 counterparts. The new move runs the risk of exacerbating these concerns.

“This decision truly makes no sense,” former Canadian ambassador to Norway Artur Wilczynski said in an interview. “It runs so counter the process announced by the minister.”