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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

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Lab-grown...

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12,500 jobs already created in the Russian Arctic

27 november 2023

It is planned to create about 39,600 new jobs in the Russian Arctic, recognized as a free economic zone, of which 12,500 have already been created, said the Minister of Regional Development Alexei Chekunkov at a meeting of the Council for the Development of the Far East, the Arctic and Antarctica at the Federation Council.

The mechanisms of state support for entrepreneurial activity in the Arctic, created in 2020, allowed attracting investments in 747 investment projects with a combined volume of 1.7 trillion rubles, the minister noted.

"The contribution to the country's GDP is huge: there is natural gas in Yamal, fertilizers in Murmansk, gold in Chukotka, diamonds in Yakutia, fish. It is difficult to imagine the Russian economy without all this," Chekunkov said.

Speaking about the priorities of the Ministry of Regional Development in the Arctic, he mentioned the development of state regulation, economy and the social sector.

Alex Shishlo for Rough&Polished