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The United Nations-backed Kimberley Process (KP), established in 2003 to prevent conflict diamonds from entering the mainstream rough diamond market, has failed to adapt to contemporary challenges, such as state-sponsored violence and sophisticated...

Yesterday

Valentin Skurlov: Over the past 25 years, Fabergé Researches have progressed to discussing the new approaches to studying Fabergé’s legacy

Valentin Skurlov is an Honorary Academician of the Russian Academy of Arts (St. Petersburg), art historian, professor, Scientific Secretary at the Fabergé Memorial Foundation, consulting researcher in the Fabergé’s masterpieces at the Russian...

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Valery Budny: In the current economy, domestic jewelry manufacturing continues thanks to new technologies introduced over the past two decades

In February, JUNWEX St. Petersburg 2025 International Jewelry Industry Forum, one of the most significant projects of the “Jewelry Russia” Unified Exhibition Program, was held in St. Petersburg. Valery Budny, Head of the Jewelry Russia Program and CEO...

25 february 2025

Tshepo Molusi: South Africa establishes dedicated diamond retail shop in China

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17 february 2025

Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Cargo transportation along the Northern Sea Route increases 36 times in ten years

02 april 2024

Due to the melting of ice and the development of shipping, Russia increased cargo transportation along the Northern Sea Route 36 times in 2012-2023, said Alexei Chekunkov, Russian Minister for the Development of the Far East and the Arctic.

According to him, the NSR attracts the attention of the whole world, which is facilitated by the risks that have significantly increased on traditional routes such as the Suez Canal, the Strait of Malacca, and in the Indian-Pacific region.

"Russia remains the most advanced country that is able to organize navigation, the only country that has its own nuclear icebreaker fleet that is advanced in terms of tonnage, capacity, and age. Therefore, I am sure we will achieve the planned plans for the development of transportation along the NSR, although it will not be an easy task," the minister said in an interview with Izvestia.

"Strategically, if in the 2010s there were millions of tons [of cargo transportation], now, in the 2020s, we are talking about tens of millions of tons on the NSR: last year there was a record of 36.5 million tons. This year, I am sure we will deliver a new record. In the 2030s, there will be hundreds of millions of tons: by 2030, I think we will reach 100 million tons, and in the 2030s it will already be 200 million tons," he added.

Alex Shishlo for Rough&Polished