IDEX Online - Rough Market Rough Market
- Alrosa set to Sell More Rough to Governmenton 9 March 2025 at 5:00 am
The Russian government could buy more rough diamonds from the state-run miner Alrosa, as it faces ongoing G7 sanctions and weak global demand. The Finance Ministry says it will assess the situation after seeing second quarter results....
- Lucapa Loss Narrows to $1.5mon 6 March 2025 at 1:00 pm
Lucapa reported a $1.5m loss for 2024, an improvement on its $17.2m loss the previous year, but it cautioned that future profitability depended on the market picking up. Rough diamond sales were almost halved, from $102.2m in 2003 to $54.2m as ...
- Karelian Plans Further Exploration in Finlandon 6 March 2025 at 10:00 am
Karelian Diamond Resources hopes to extend its exploration program in Finland for a further year. The Ireland-based diamond exploration company identified a green diamond in the Kuhmo region (in eastern Finland), in 2022, and has...
- Angola "to Become World's Third Biggest Rough Producer"on 4 March 2025 at 11:00 am
Angola aims to increase annual diamond production to 17.53m carats by 2027, and to become the world's third largest rough producer. It is forecasting a 50 per cent increase in diamond revenue this year from $1.4bn in 2024 to $2.1bn. Angola has ...
- Profits Plunge 77% at Sanctioned Alrosaon 4 March 2025 at 9:00 am
Sanctioned Russian miner Alrosa reported a 77 per cent plunge in net profit for 2024, as it was forced to stockpile diamonds or offload them to Gokhran, the state repository. Consolidated revenue for the year fell 25.9 per cent to RUB 239.1bn ($2.67 bn)...