LDB’s David Troostwyk: London still has major role to play in global diamond trade

London Diamond Bourse (LDB) President David Troostwyk has had a varied career in the diamond business. David sat down with Rough&Polished to discuss how his love of diamonds started, his career, the state of the diamond trade in the UK and globally...

12 may 2025

David Johnson: De Beers balancing lab-grown and natural diamonds rarity while pioneering ethical transparency

De Beers has been differentiating its lab-grown diamond brand, Lightbox, by positioning it as an affordable, fashion-focused product. Group spokesperson David Johnson told Rough & Polished that this is in contrast to how De Beers promotes natural diamonds...

28 april 2025

Who will bear the cost? Paul Zimnisky weighs in on U.S. jewellery tariff impact

The United States jewellery industry is facing a complex balancing act as new tariffs on diamonds force wholesalers and retailers to decide whether to absorb costs, negotiate with overseas suppliers (particularly India), or pass them on to consumers...

14 april 2025

Thataitsile Moremedi: South Africa's State Diamond Trader providing market access, exposure for nascent manufacturers

Although it is challenging for previously disadvantaged individuals to enter the diamond industry due to the financial barriers, South Africa's State Diamond Trader is providing nascent entrepreneurs with exposure, market access, and other support...

31 march 2025

Dr M'zée Fula Ngenge: KP has failed to adapt to contemporary challenges

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...

17 march 2025

Belorussia to build transshipment terminal in Murmansk

23 april 2024

A company from Belarus plans to build a port in Murmansk for transshipment of goods from the republic by 2028 with an estimated capacity of 25-30 million tons of cargo per year, said Andrei Bunakov, General Director of the Arctic Gate Marine Terminal LLC, at the signing of an agreement with the governor of the Murmansk Region Andrei Chibis.

"For the Murmansk Region this is, among other things, the development of a strategic project on the western shore of the Kola Bay. This entails the need to increase the capacity of the railway infrastructure, which I also asked the President of Russia to do. These are all investments in the economy, jobs, salaries and permanent jobs, including at a new level," Chibis said.

For his part, Bunakov said that the port will be built on private investment, and in the future it is planned to use a private-public partnership scheme.

In February, Belarusian ambassador to the Russian Federation Dmitry Krutoy informed that Russian and Belarusian presidents had set the task to ensure the volume of transshipment of Belarusian export cargoes through Russian ports at 20 million tons by the end of 2026, tass.ru reports.

Alex Shishlo for Rough&Polished