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

Affordable rental housing program may be implemented in the Arctic

13 november 2024

According to a high-ranking executive of the Norilsk Nickel company, the Affordable Rental Housing in the Far Eastern Federal District program should be extended to the Arctic zone of the Russian Federation.

"In order to implement this program, we involved up to 4,000 employees, brought in from the mainland. We built a workers' town, then dismantled it. The Ministry for the Development of the Far East and the Arctic prepared the Affordable Rental Housing in the Far Eastern Federal District program, and of course for us, this program is an example for the Arctic zone. And it would be very good to extend rental housing to the Arctic zone, because this solves many issues in production segment," TASS quotes Andrei Grachev, vice president of Norilsk Nickel, as saying at the State Council commission on the Northern Sea Route and the Arctic.

The 11 regions of the Far East are already participating in the rental housing program. A reduced rental rate is provided for residents, a third of which is compensated by the federal budget, a third by the regional budget. Apartments in such buildings will be ready for occupancy. Grachev also noted that the creation of support cities in the Arctic presupposes, in addition to the availability of production facilities, high social and environmental standards, and infrastructure development. To solve environmental problems and reduce emissions, the company is implementing the Sulfur Program, and for infrastructure and raising social standards, a large-scale renovation program of Norilsk is being implemented with a total investment of 120 billion rubles until 2035.

Theodor Lisovoy, Managing Editor, Rough&Polished