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

Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

Digitalization of Arctic projects may double their potential output

04 march 2024

Digitalization of processes at oil and gas industry enterprises in the Arctic may increase the probability of discovering new fields by 50%, said Alexey Fadeev, professor of the Higher School of Industrial Management at St. Petersburg Polytechnic University.

"Digitalization, in addition to the main task of reducing risks to humans in production, can greatly increase the economic attractiveness of Arctic oil and gas projects. The full implementation of just the digital solutions available today will increase the probability of discovering new deposits by 50 percent," the professor said.

According to him, digitalization of Arctic projects will also increase their competitiveness and investment attractiveness for international partners.

The need for digitalization of Arctic projects is many times higher than those implemented in other regions of Russia, due to extreme climatic conditions, the remoteness of the shelf from the coastline, the need for increased security and speed of decision-making.

"The development of deposits requires science and industry to create a number of fundamentally new technical means, and the development technologies are comparable in complexity to space exploration technologies and nanotechnology," Fadeev said.

Unmanned aerial and underwater offshore drones, robotic drilling rigs, and unmanned warehouses are actively used in the oil and gas industry today.

There are already 40 "intelligent" fields operating in Russia, accounting for 27 percent of the total production volume, TASS notes.

Alex Shishlo for Rough&Polished