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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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.
Lab-grown...

10 august 2026

ALROSA annually allocates up to 20 billion rubles to ESG projects

26 may 2026

Tatiana Goncharenko, deputy head of ALROSA's International Cooperation Department, spoke about the key principles of ALROSA's social and environmental activities during the VIII Annual Forum on Sustainable Development.

According to Goncharenko, the company annually allocates 5% - 8% of its revenue (about 15 - 20 billion rubles) to ESG projects. These funds are used to expand social infrastructure and charity initiatives, support indigenous peoples of the North, ensure environmental safety in the company's areas of operation, provide social programs for employees, preserve biodiversity, and others.

ALROSA’s prioritizes ESG initiatives in Yakutia, a key region of its presence. Over the past 10 years, total tax and non-tax revenues to the consolidated budget of the region have exceeded 600 billion rubles.

The company employs several thousand local residents annually: in 2025 alone, more than 5,000 residents of Yakutia found work at its enterprises under the program "Working Yakutia. Personnel".

"In the context of geopolitical instability and difficult market conditions, we consider it very important to maintain the trajectory of sustainable development that the company has previously set for itself. Investments in regional support, environmental projects and personnel are the capital that will strengthen our position at a new stage of market development," Goncharenko said.

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