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

The shipment of the first LNG line for the Arctic LNG 2 plant launched

21 july 2023

Russian President Vladimir Putin has launched the shipment along the Northern Sea Route of the first technological gas liquefaction line on gravity–type bases for Arctic LNG - 2 to the place of operation on the Gydan Peninsula.

According to the head of state, projects for the production of liquefied natural gas provide a comprehensive effect for the entire Russian economy and allow the country to win back the necessary share in the world market.

Novatek plans to launch the Arctic LNG–2 project in late 2023 - early 2024. The resource base of the company's second large-tonnage project after Yamal LNG is the Morning deposit on the Gydan Peninsula in the Yamalo-Nenets Autonomous district. It is planned to build three technological lines for the production of liquefied natural gas with a capacity of 6.6 million tons per year each and stable gas condensate up to 1.6 million tons per year.

The shareholders of the project are Novatek (60%), Total (10%), CNPC (10%), CNOOC Limited (10%) and Japan Arctic LNG, consortium Mitsui & Co., Ltd. and JOGMEC (10%).

Alex Shishlo for Rough&Polished