IDEX Online - Rough Market Rough Market
- South Africa's New Guidelines to Boost Domestic Polishing
on 18 March 2026 at 5:00 amSouth Africa has introduced new guidelines to retain more economic value from its rough diamonds by promoting local cutting and polishing, rather than exporting goods unprocessed. Around 90% of its rough diamond production is currently sold abroad...
- Gem Loss Widens as Mine Value Slashed by $77mon 18 March 2026 at 12:00 am
Gem Diamonds swung to an annual loss before exceptional items of $9.1m in 2025, compared with a profit of $8.1m in 2024. A depressed rough diamond market and weaker US dollar against the Lesotho loti triggered a $77.5m impairment to the ...
- Lucara Recovers 36.92-ct Blue Diamondon 17 March 2026 at 12:00 pm
Lucara yesterday (16 March) announced the recovery of a 36.92-carat blue diamond from its Karowe mine, in Botswana. It says the high-quality Type IIB stone was recovered from ore sourced from stockpile material using X-ray transmission machines ...
- Diamond Slump: S&P Downgrades Botswana, Againon 17 March 2026 at 7:00 am
Botswana's credit rating has been downgraded for the second time in six months by the ratings agency S&P Global, in response to ongoing weak global demand for diamonds. The world's second biggest diamond producer had held steady with a BBB+ ...
- "India's Diamond Revenue to Rebound in 2027"on 15 March 2026 at 7:00 am
The cut in US tariffs on imports from India could push up revenue for the country's diamond polishers by 6% to 7% in FY 2027, according to Crisil, the Mumbai-based ratings agency. But it is forecasting a contraction of 8% to 10% year-on-year...