Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

Lyudmila Vysotskaya: Amber is a mystical stone, a living substance

Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...

30 july 2024

Melting of permafrost may cost 10 trillion rubles in damages

05 september 2024

The damage from the melting of permafrost in the Russian Arctic may exceed ten trillion rubles by 2050, according to a study by a team of permafrost scientists, ttelegraf.ru reports.

"According to experts, the minimum amount of damage from permafrost melting done to residential and industrial buildings and structures may exceed 7-10 trillion rubles, excluding linear structures of oil and gas companies and future investment projects in the northern territories of the Russian Federation. This is an average figure for various scenarios by 2050, taking into account only the Arctic zone of the Russian Federation," said director of the Institute of Permafrost Studies of the Siberian Branch of the Russian Academy of Sciences Mikhail Zheleznyak.

According to Anatoly Brushkov, one of the co-authors of the study, head of the Department of Geocryology at Lomonosov Moscow State University, in order to minimize damage, it is necessary to implement a program for background and geotechnical monitoring of permafrost. Background monitoring is currently being conducted by Roshydromet.

"It is necessary to overcome bureaucratic and regional barriers, therefore, the development and adoption of a federal law on permafrost is relevant. The law should provide for the federal executive authority in the field of permafrost monitoring, its territorial bodies and subordinate organizations, the interaction of local governments, legal entities, enterprises and organizations, including financial and insurance companies," he noted.

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