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...

Yesterday

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 Nedra completed the drilling season in the Arctic

02 november 2023

Gazprom Nedra has completed the construction of a prospecting and evaluation gas well in the Kara Sea using a self-lifting drilling rig "Arctic". As a result of testing, an industrial gas inflow corresponding to the planned indicators was obtained from productive formations.

In summer, an exploration well was drilled and tested in the Barents Sea with the involvement of a semi-submersible floating drilling rig "Northern Lights", which proved an increase in hydrocarbon reserves.

During the construction of both wells on the Arctic shelf, core material was selected and a wide range of geological and geophysical studies was performed. After the received data will be provided to the FBU "State Commission on Reserves" for inclusion in the state balance sheet, akm.ru reports.

Alex Shishlo for Rough&Polished