Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

China continues to supply the Arctic LNG-2 project despite sanctions

08 january 2024

China continues to deliver prefabricated modules for Novatek's Arctic LNG-2 project in Yamal, Russia. Two ice-capable heavy lift vessels, Audax and Pugnax, recently departed China with a cargo for the project that was put under sanctions by Western countries.

A winter transit of the Northern Sea Route (NSR) routinely takes around three weeks and both vessels are estimated to arrive in Murmansk in mid-February, High North News reported.

The transport of equipment used for the production of liquefied natural gas by European companies has been banned under the sanctions policy. But it is unclear to what degree the ban has been enforced or if the sanctions apply to the vessels’ operator. Audax previously completed a winter voyage in February 2022, also carrying modules for Novatek.

Russia is actively trying to substitute Western-made components and machinery needed for its infrastructure projects that were prohibited to be exported to the country after the beginning of Russia-Ukraine war. Russia’s cooperation with China remains key to completing construction of the second and third stages of the Arctic LNG 2 project.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished