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

Northern Sea Route fleet shortage estimated at 53%

04 july 2024

The deficit of the fleet to ensure cargo traffic on the Northern Sea Route is estimated at 53%, Kommersant reports with reference to the presentation of the Efficient Transport System national project.

The document indicates that 57 vessels are needed for the cargo flow of the Northern Sea Route in 2024. Only 47% are available.

For 2023, the provision of the fleet is complete. Last year, 30 vessels were operated on the Northern Sea Route, including 17 Novatek gas carriers and tankers, seven Gazprom Neft oil tankers and six Norilsk Nickel vessels.

In 2024, the Arctic fleet was planned to be replenished with 16 tankers for Novatek, nine bulk carriers for the transportation of North Star coal and two oil tankers for Vostok Oil. But the Arctic LNG-2 project fell under US sanctions, which is why Novatek cannot receive six vessels ordered from the Korean Hanwha Ocean.

Of the 15 tankers under construction at the Zvezda shipyard, five were supposed to be handed over to the company, but the delivery date was repeatedly postponed. The publication notes that the first tanker from the Novatek batch may be received by the end of this year, and the second – in early 2025, b-port.com reports.

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