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

NOVATEK's Chinese partner withdraws from projects in Russia

25 june 2024

Wison New Energies (former Wison Offshore & Marine) is suspending its operations in Russia. Its board of directors decided to complete all current projects and stop participating in new ones indefinitely.

Wison New Energies is one of the manufacturers of modules for the Arctic LNG-2 project and should help NOVATEK with the construction of an onshore power plant for the LNG plant under construction. According to analysts, NOVATEK may still have time to receive modules for the Arctic LNG-2 project.

However, the situation with buildings for power units is more complicated. Wison New Energies is aware of the impact the decision may have on Russian partners and promises to ensure a "smooth transition."

Wison New Energies is part of the Wison Group, whose structures are engaged in engineering services, shipbuilding, green energy and other activities.

Wison (Nantong) Heavy Industry, a subsidiary of Wison New Energies, has contracts with Rosatom for the construction of hulls for three floating nuclear power units that are supposed to supply electricity to the Baimskaya OPP in Chukotka (OPP Baimskaya LLC has been included in the SDN List since May), angi.ru reports.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished