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

New fiber-optic cable to connect Europe to Japan through the Arctic

09 april 2024

The Far North Fiber project in Europe is set to directly connect Europe to Japan with a 14 500 km cable laid along the ocean bottom of the Arctic zone. Connection points will be organized in Japan, the USA (Alaska), Canada, Norway, Finland and Ireland.

The project is scheduled to be put into operation in 2027.

The new traffic transmission route reduces the optical distance between Japan and Western Europe as much as possible and, therefore, the delay in signal transmission will be minimal.

In addition, the new fiber optic cable is positioned as the best option for use as a backup communication line in case an accident occurs in other locations of underwater cables, such as the accident in the Red Sea in February this year.

The EU government has already announced support for the Far North Fiber project and allocated about €23 million for its implementation.

Laying a cable in the Arctic used to be an unthinkable undertaking due to the presence of a thick multi-year layer of non-melting ice. However, global warming has made navigation in the Arctic possible. According to available data, sea ice in the region is decreasing by almost 13% every decade.

Summer thaws in the Arctic will allow ships to lay cable, and frosts, which again bind the water surface with ice and last most of the year, will protect the cable from humans threats - both from intentional damage and from accidental anchor drop. In addition, no one will cut the cable under the ice, because it is very difficult to do this.

However, this plus will become a minus if the cable still requires repair. It can take weeks or even months of waiting for weather conditions to make repairs possible, depending on the time of year.

Drifting ice may also pose a threat. Last summer, for example, broadband was cut off in Alaska after an underwater fiber-optic line was severed by chunks of Arctic ice.

Such risks and difficult climatic conditions make work on the Arctic fiber optic network more expensive compared to other projects.

According to Alan Moldin, Director of Research at TeleGeography, laying a cable along the bottom of the Atlantic Ocean will cost about €250 million, along the bottom of the Pacific Ocean - about €320 million, while the total cost of work on the Far North Fiber project will amount to €1 billion, iksmedia.ru reports.

Alex Shishlo for Rough&Polished