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

Russian diplomats refuse to acknowledge US plans to expand its continental shelf borders

26 march 2024

During the session of the Council of the International Seabed Authority, which takes place on March 18-29 in Kingston (Jamaica), the Russian delegation refused to recognize the new borders of the US continental shelf.

In accordance with the 1982 UN Convention on the Law of the Sea, this body is called upon to regulate the activities of States in the deep seabed area not subject to the national jurisdiction of coastal States.

During the session, the Russian delegation announced the non-recognition of the expansion of the outer limits of the continental shelf unilaterally declared by the United States in December 2023 beyond 200 nautical miles. The expansion was measured from the baseline 200 miles from which the width of the territorial sea is measured in seven regions of the World Ocean, the Russian Foreign Ministry reports.

"The United States is unilaterally trying to reduce the area of the seabed under the authority of the Council, that is - the entire world community, and acquire additional sections of the shelf for its own use (about 1 million square kilometers). The unilateral steps of the United States do not comply with the rules and procedures established by international law," the message says.

The Russian delegation criticized the selective approach of the United States to the use of international law with an emphasis on its rights and complete disregard for obligations, and rejected Washington's next attempts to use the norms of the 1982 Convention solely for the sake of its own interests.

Earlier, a corresponding demarche was sent to the US on a bilateral line, the Russian Foreign Ministry noted.

Alex Shishlo for Rough&Polished