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...

Today

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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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...

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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...

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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.
Lab-grown...

10 august 2026

Russia’s Federation Council members assess progress of Norilsk renovation

02 october 2025

During a joint working visit, members of the Federation Council, a delegation from the Krasnoyarsk Territory government, the Norilsk city administration, and Norilsk Nickel management have assessed the progress of Norilsk's renovation.

The city's comprehensive renovation plan is outlined in a government resolution and a quadripartite agreement between Nornickel, the city administration, the regional administration, and the Ministry for the Development of the Far East and Arctic. The total cost of the program is 120 billion rubles, with 24 billion rubles allocated from the federal budget, 14.8 billion rubles from the regional budget, and 81.3 billion rubles from Nornickel.

To date, Nornickel has allocated over 17.5 billion rubles to projects under the plan. The company has used these funds to construct two six-story buildings. A kindergarten in Kayerkan has reopened after major renovations, and three dilapidated buildings had been demolished. Furthermore, significant work has been completed to thermally stabilize soils under residential buildings and social facilities, and improvement projects, as well as modernization of housing and public utilities and social infrastructure, have been implemented.

Meanwhile, the reconstruction of the Polar State University is entering an active phase this year. The company has also fully implemented one of the most important elements of the comprehensive plan: as part of the resettlement program, 1,090 families have received housing in regions with favorable climates.

"Renovation work is generally proceeding according to plan, particularly in terms of housing renovation and social infrastructure," noted Sergey Tkachenko, Vice President and Director of Norilsk Nickel's Krasnoyarsk Representative Office.

"Our task is not only to finance but also to strategically manage the planned projects, adapting them to real conditions and promptly adjusting them to achieve the most effective results for Norilsk residents," he added.

Theodor Lisovoy, Managing Editor, Rough&Polished