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

Gazprom Neft produced 25 million tons of offshore oil in the Arctic in 10 years

15 august 2023

Gazprom Neft has been able to produce more than 25 million tons of oil during almost 10 years of operation of the Prirazlomnoye field in the Barents Sea, the company reports.

The Prirazlomnoye oil field is the first and so far the only offshore field in the Arctic in Russia where commercial oil production is underway. It is located in the southeastern part of the Barents Sea, 60 km from the coast. Recoverable reserves amount to 79 million tons. Industrial development started in December 2013.

Prirazlomnoye is the first and only field on the Russian Arctic shelf where the unique Arctic Oil (ARCO) oil is produced.

An offshore ice-resistant platform was specifically designed for the development of the field, which performs all technological operations: drilling, extraction, storage of oil, preparation and shipment of finished product. In 2023, two high-tech wells were drilled at Prirazlomnaya. During construction, records were set for the index of complexity of directional drilling, the length of the well and the length of the horizontal part, TASS noted.

Alex Shishlo for Rough&Polished