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...

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David Benderly: PermaScribe seeks to put trust mark on diamond table, not just girdle

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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...

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Russia to abolish border control for aircraft delivering cargo to the Arctic

03 april 2024

Russia will abolish border, customs and other types of controls for aircraft delivering people and goods to and from the Arctic. The State Duma of the Russian Federation adopted the corresponding law on April 2.

The law is intended to increase the efficiency of conducting drifting scientific research expeditions in the Arctic Ocean and its constituent seas.

The initiative gives the right to repeatedly cross the state border of the Russian Federation outside the designated air corridors without passing border, customs and other types of control for Russian aircraft delivering people and goods from the Russian Federation to Russian vessels located in the Arctic Ocean.

The same will be applicable for the specified vessels, if the place of departure and arrival will be Russian ports without entering the internal waters and territorial seas of foreign states.

The departure and landing of ships can be carried out from airfields, heliports and landing sites of the Russian Federation, including those not open for international flights.

The law will enter into force 30 days after the date of its official publication, pnp.ru reports.

Alex Shishlo for Rough&Polished