Rough Diamond News

  • Angola Aims to Polish Majority of its Diamonds
    on 17 September 2025 at 11:01 am

    Angola aims to cut and polish the majority of its rough diamond production domestically by the end of 2027. Laureano Receado (pictured), executive board member for mining operations at Endiama, the state-run diamond company, told state-run ...

  • After 15 Years, Disputed Diamonds Finally being Sold
    on 17 September 2025 at 10:00 am

    Rough diamonds that were locked in a 15-year legal dispute in Zimbabwe are finally being sold. The UK miner Vast Resources is offering parcels totaling 135,000 carats at a series of public and private tenders from now until the end of October. Vast ...

  • Debmarine's New, Improved Underwater Diamond Crawler
    on 17 September 2025 at 6:00 am

    Debmarine Namibia has unveiled its new underwater crawlers for sucking up diamonds from the seabed. The remote-controlled 370-tonne vehicles will improve mining efficiency by 20 per cent. The first pair of new-generation crawlers will be deployed by...

  • Namdia Sues G4S over $17m Diamond Heist
    on 16 September 2025 at 11:00 am

    Namib Desert Diamonds (Namdia) is suing security company G4S over the $17m heist at its HQ in January. Namibia's state-run diamond marketing company claims G4S was negligent, and that one of its employees "was complicit in the heist", in which...

  • Diamond Slump: S&P Cuts Botswana Credit Rating
    on 16 September 2025 at 10:00 am

    Botswana's credit rating has been downgraded for the first time in at least five years by S&P (Standard & Poor). The US-based credit rating agency cited collapsing diamond revenues, deteriorating public finances, and a rapid erosion of foreign exchange ...

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