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

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