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

Russia to build 16 ice-class Arctic vessels by 2030

28 october 2024

By 2030, 16 ice-class vessels out of 70 required can be built for navigation in the Russian Arctic, said Deputy Prime Minister of the Russian Federation, Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev.

According to him, this problem is one of the main unresolved issues in the context of the development of the Northern Sea Route (NSR).

Earlier, Rosatom Corporation stated an increased financial burden during the construction of icebreakers. Taking the major icebreaker “Russia” as an example, it already cost 127.6 billion rubles, and this figure could increase by 40% - 60%, and the deadlines of its commissioning could shift.

Also, according to Trutnev, there is a shortage of financing in the Arctic for the construction of satellites, centers for the placement of emergency situations units and the creation of an environmental monitoring system.

At the same time, the official noted that the interest of a number of countries in the Northern Sea Route is growing, due to the desire to "get the opportunity for unhindered transportation along the route and influence the situation on the Arctic coast."

Against this background, as Trutnev reported, private investments worth 568 billion rubles were allocated to the Arctic. 242 enterprises were put into operation and 16,000 jobs were created. Such work was carried out in the context of the NSR development plan until 2025, the envoy recalled.

The plan provides for almost 150 projects with a total capital investment of more than 1.7 trillion rubles, murmansk.rbc.ru reports.

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