diff --git a/NEWS b/NEWS
index 5fe79fc74b..c80d01df3d 100644
--- a/NEWS
+++ b/NEWS
@@ -189,7 +189,8 @@ with all sufficient information, see the ChangeLog file or Redmine
 
 * Rubygems
 
-  * Update Rubygems 2.6.14.
+  * Update Rubygems 2.7.0.
+    * http://blog.rubygems.org/2017/11/01/2.7.0-released.html
     * http://blog.rubygems.org/2017/08/27/2.6.13-released.html
     * http://blog.rubygems.org/2017/10/09/unsafe-object-deserialization-vulnerability.html
 
diff --git a/lib/rubygems.rb b/lib/rubygems.rb
index c8f43e3805..d32df84be1 100644
--- a/lib/rubygems.rb
+++ b/lib/rubygems.rb
@@ -10,7 +10,7 @@ require 'rbconfig'
 require 'thread'
 
 module Gem
-  VERSION = "2.6.14"
+  VERSION = "2.7.0"
 end
 
 # Must be first since it unloads the prelude from 1.9.2
diff --git a/lib/rubygems/safe_yaml.rb b/lib/rubygems/safe_yaml.rb
index b98cfaa5e6..789bb5e25a 100644
--- a/lib/rubygems/safe_yaml.rb
+++ b/lib/rubygems/safe_yaml.rb
@@ -35,7 +35,10 @@ module Gem
         ::YAML.safe_load(input, [::Symbol])
       end
     else
-      warn "YAML safe loading is not available. Please upgrade psych to a version that supports safe loading (>= 2.0)."
+      unless Gem::Deprecate.skip
+        warn "YAML safe loading is not available. Please upgrade psych to a version that supports safe loading (>= 2.0)."
+      end
+
       def self.safe_load input, *args
         ::YAML.load input
       end