Magadan Oblast of Russia has recently stated its decision to resume its full membership with the Northern Forum. This was announced by the Governor Vladimir Pecheniy’s letter.
Magadan oblast has been one of the original members of the Northern Forum since its day one, where it was among founding regions. In spite of objective reasons, Magadan had to withdraw its membership in the latter years – until now.

decline in diamond prices because of lower growth in Chinese jewelry demand is dulling the appeal of Canada's Arctic diamond industry, with the resulting drop in exploration hurting the region's long-term prospects. Exploration spending in Canada's diamond-rich Northwest Territories, the world's third-biggest producer, is forecast to drop 54 per cent this year, according to a Canadian government estimate earlier this year. That is bad news for an industry where even profitable deposits can take 10 to 20 years to develop into a mine.






