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...

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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

Russia suspended membership payments to the Arctic Council

14 february 2024

Russia has suspended the payment of annual membership fees to the Arctic Council, the Foreign Ministry told RIA Novosti.

"At the moment, Russia's payment of annual fees to the budget of the Arctic Council has been suspended until the resumption of practical work in this format with the participation of all member countries," the ministry said.

According to the Foreign Ministry, the current joint projects are being affected in such fields as the preservation of the fragile ecosystem of the Arctic, conducting polar research and marine scientific expeditions, developing humanitarian ties, improving the quality of life and well-being of the population and indigenous peoples of the Far North.

At the same time, the ministry said that "today the question of a possible withdrawal [of Russia] from the Arctic Council is not in the practical plane."

The Arctic Council was established in 1996. It is a high-level intergovernmental forum that promotes cooperation in the region, especially in the field of environmental protection. Among the member states of the Council are Denmark (including Greenland and the Faroe Islands), Iceland, Canada, Norway, Russia, the USA, Finland and Sweden. The rotation of the Chair countries takes place every two years.

In March 2022, the Western member countries of the council announced the suspension of participation in any events of the association in protest against the events in Ukraine. In May 2023, Norway assumed the presidency of the Council.

Alex Shishlo for Rough&Polished