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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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Series of bulk carriers for the Arctic to be constructed in Russia

12 january 2024

The building of a dry cargo vessel of the RSD59ARC project for the Arctic began at the Okskaya Shipyard in Nizhny Novgorod.

Bulk carriers of this type belong to the Ice3 class, which will allow them to operate on the Northern Sea Route from June to October.

Earlier, General Director of JSC State Transport Leasing Company Evgeny Dietrich announced plans to build 13 ships for the Arctic at the St. Petersburg International Economic Forum.

The construction of dry cargo ships is carried out according to the state program using funds from the National Welfare Fund. The total cost of the series of Arctic bulk carriers will exceed 22 billion rubles.

According to the plan, the first ships of the RSD59ARC project will be commissioned in 2025.

These cargo ships is distinguished by the bow arrangement of the superstructure and will be equipped with 1600 kW engines, which is one third more than typical vessels of the same type. Due to the availability of cranes with a lifting capacity of up to 40 tons, the RSD59ARC fleet will be able to unload at unequipped berths, ttelegraf.ru reports.

Alex Shishlo for Rough&Polished