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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...

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David Benderly: PermaScribe seeks to put trust mark on diamond table, not just girdle

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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.
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Canada concerned about China's activity in the Arctic

27 november 2024

Canada is concerned about the increasing activity of China in the Arctic, which is no longer limited to scientific work, but also allegedly involves intelligence gathering in the region, said the country's Minister of National Defense Bill Blair.

"China approaches [work] in our Arctic in two ways. The first is through economic pressure, investments in critical and other infrastructure in the region. And the second one is through what they call scientific research," the head of the Defense Ministry said.

“We see a significant increase in their presence in the Arctic, and this is not only scientific research. They are mapping the seabed, they are gathering intelligence."

In addition, Blair noted Canada's strong lag behind Russia in the development of the Arctic. "Russia has 17 deep-water ports in this [Arctic] ocean. Canada does not have any, and therefore we need to work better," the minister said.

He also drew attention to the presence of a significant icebreaking fleet in Russia. In this regard, Blair said that next week, Canada will launch the sixth ship of the Arctic class, which is capable of operating in deep ice conditions in the Arctic, tass.ru reports.

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