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

Global mining can lead to catastrophic consequences for the climate

02 february 2024

By 2060, global extraction of natural resources will increase by 60%, which poses a risk of catastrophic consequences for the climate and the environment, according to an unpublished UN study cited by The Guardian.

The study notes that mining has already become the main cause of global warming and such adversary effects as land-use change, air pollution, water scarcity and loss of biodiversity.

According to Janez Potocnik, a former European commissioner and co-chair of the UN group that conducted the research, an increase in the extraction of raw materials on a projected scale is likely to lead to more frequent and severe climate disasters such as storms and droughts.

Therefore, reducing resource consumption is essential to minimize environmental pressure. To solve this problem, the policy of the world community in relation to the closed-loop economy should focus not only on GDP growth, but also control the production of "green" goods, experts warn.

So, according to their data, electric vehicles consume almost 10 times more "critical raw materials" compared to conventional cars, and achieving zero emissions from transport by 2050 will require a six-fold increase in the extraction of necessary minerals.

Alex Shishlo for Rough&Polished