IDEX Online - Rough Market Rough Market
- Yet Another +100-cts Diamond at Letsengon 5 September 2024 at 6:00 am
Gem Diamonds today (5 September) announced the recovery of yet another +100-cts diamond, its 11th so far this year. It comes barely a week after the UK-based company announced its 10th +100-cts stone, on 28 August. Historically the Letseng...
- Catoca Mine: Angola and Russia Work to "Remove Obstacles"on 4 September 2024 at 8:00 am
Angola and Russia are reportedly working towards a deal that could allow Alrosa to retain its 41 per cent stake in the massive Catoca diamond mine. The government of Angola had been pushing for Alrosa - controlled by ...
- Zimbabwe Ramps up Diamond Productionon 3 September 2024 at 3:00 pm
Zimbabwe's state-owned diamond company is forecasting a 16 per cent increase this year. The Zimbabwe Consolidated Diamond Company (ZCDC) said it was ramping up production to 5.7m carats in 2024 and would aim to...
- $300m Loan to Boost Okavango Diamond Purchaseson 1 September 2024 at 10:00 am
Botswana's state-owned diamond marketing company will increase its borrowing to fund additional rough purchases. Finance Minister Peggy Serame said last Thursday (29 August) that the government had arranged a $300m credit...
- More +100-cts Stones Boost Gem's Revenueon 29 August 2024 at 9:00 am
Gem Diamonds today (29 August) announced increased half-year revenues, buoyed by its increased recovery of +100-cts stones. Despite ongoing pressures on the global diamond market, it has increased to it full-year guidance number of carats ...