IDEX Online - Rough Market Rough Market
- Diamond Prices will Rise, says Alrosaon 8 January 2025 at 8:00 am
Alrosa is predicting price rises in diamond products as demand increases and supply slows in the coming months. Sergey Takhiyev, head of corporate finance at the Russian miner, said the normalization of diamond inventories would act as a catalyst for...
- Indian Farmer Recovers 8.30-ct Diamondon 1 January 2025 at 4:00 am
An Indian farmer has recovered two diamonds - weighing 8.30 carats and 0.94 carats - from his field in the Panna district of Madhya Pradesh state. The two stones are described as off-color, but are still expected to sell for $35,000, a life-changing sum...
- Alrosa Extending Life of Aikhal Mine to 2044on 31 December 2024 at 6:00 am
Alrosa is expanding its huge Aikhal mine, in north-eastern Russia, in a move that should extend its life until 2044. The mine is one of the world's biggest and produced over 8m carats in 2020 and 2021, according to Alrosa's operating results. Alrosa. the ...
- De Beers has "Biggest Stockpile Since 2008"on 25 December 2024 at 12:00 pm
De Beers' stockpile of rough diamonds is bigger that at any time since the 2008 financial crisis, according to a Financial Times (FT) report today (25 December). The troubled miner now has inventory worth a reported $2bn, as a result of weak diamond...
- Lucapa to Secure Majority Stake in Lulo Exploration JVon 25 December 2024 at 10:00 am
Lucapa says it's close to securing a majority stake in the joint venture (JV) exploring for additional kimberlites at the Lulo alluvial mine, in Angola. It says acquiring a larger share from the Angolan government will increase its future share of a diamond...