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

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14 september 2026

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

The US lags behind Russia in icebreaker production

03 august 2023

The United States lags behind Russia in the production of polar icebreakers that can overcome solid ice several feet thick, iz.ru reports.

The publication clarifies that the Americans today do not have a vessel capable of operating in the Arctic all year round.

Thus, Russia is the only country in the world that has a nuclear icebreaker fleet, thanks to which it can sail in the Arctic all year round.

A unique semi-submersible vessel is currently being designed in Russia to transport large-sized objects along the Northern Sea Route, said Pavel Nasonov, Deputy Director of the Department of Infrastructure Solutions and Development Projects of JSC Logistics Center NFC (Rosatom State Corporation Management Contour Company).

"We plan to build an ice vessel of at least Arc5 class with a carrying capacity of up to 70 000 tons. Technical specifications will be determined after the completion of the preliminary design. The Joint-stock company is working on issues of interaction with potential customers of cargo transportation and is ready to consider proposals for co-investment in the project. The planned date for putting the vessel into operation is 2027," Nasonov said.

Alex Shishlo for Rough&Polished