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

Damages to indigenous communities of Yakutia from industrial companies amount to 1.3 billion rubles

26 september 2024

Damage from activities of industrial companies operating in the places of residence of the indigenous small peoples of the North in Yakutia was estimated at 1.3 billion rubles, according to Deputy Minister for Arctic Development and Affairs of the Peoples of the North of the Republic of Yakutia Mikhail Pogodaev.

The Law on ethnological assessment has been in force in Yakutia since 2010. It is mandatory to conduct such an assessment before making decisions on the implementation of the planned economic and other activities in the places of traditional residence and traditional economic activities of indigenous peoples.

"In general, during the period of validity of the regional law on ethnological assessment, we conducted 66 ethnological examinations. The total losses from the activities of industrial companies in the territory of residence of indigenous peoples amounted to more than 1.364 billion rubles," Pogodaev said during the Northern Forum in Yakutsk.

The Deputy minister clarified that 251 million rubles of compensation have been paid out of this amount at the moment.

The law on ethnological assessment is designed to minimize conflicts between indigenous people and industrial companies, tass.ru notes.

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