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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...

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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...

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The Arctic Council faces problems due to lack of ties with Russia

23 november 2023

The termination of full-fledged cooperation between Russia and other members of the Arctic Council complicates the work of the organization, said Morten Heglund, the new chairman of senior officials committee of the Arctic Council, in an interview with Kommersant.

Heglund noted that most of the normal bilateral cooperation between Russia and the other seven states (Denmark, Iceland, Canada, Norway, U.S., Finland and Sweden) has been wiped out, and it no longer exists. "And this, for many reasons - both political and practical - creates a lot of problems," he said.

Heglund expressed the opinion that in the near future the organization is unlikely to be able to return to full-fledged work, as it was a few years ago. He called the key task of the Arctic Council the search for ways to keep it "integral and meaningful.

"We sincerely believe that the Arctic Council is worth preserving. It fulfilled its tasks, gradually increasing its role and relevance. If we lose the Arctic Council, it will be very difficult to restore it," he concluded.

Earlier it was reported that NATO was alarmed because of Russia's superiority in the Arctic. In terms of military potential and capabilities, the naval forces of NATO countries lag behind the Russian Northern Fleet by 10 years. This conclusion is contained in the report of the Finnish Institute of International Relations.

Alex Shishlo for Rough&Polished