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

A new gas liquefaction complex to be built in the Arctic

21 december 2023

NOVATEK's project to build a liquefied natural gas plant in the Murmansk Region enters the implementation stage.

In early December, the gas company registered the Murmansk LNG firm. Its main activity is the production of hydrocarbons and their derivatives, as well as the transportation of gas through pipelines, wholesale of liquefied petroleum gases, production and transmission of electricity, according to TASS.

It is assumed that the plant will have three liquefaction lines capable of producing 6.8 million tons of LNG per year. Construction of the first line is scheduled for August 2024, and commissioning is scheduled by the end of 2027. The third line is planned to be put into operation by the end of 2029. Facilities will be located in the sea on gravity-type bases - special platforms that can be held by their own weight. The Arctic LNG-2 plant was built in a similar way.

The new plant will use the exclusive Arctic Mix liquefaction technology, patented by NOVATEK. It is planned that the gas for the plant will be produced by the company itself at its own fields on the Gydan peninsula, which then will be supplied via the Volkhov - Murmansk - Belokamenka 1,400 km gas pipeline with a capacity of 40 billion cubic meters per year.

Alex Shishlo for Rough&Polished