IDEX Online - Rough Market Rough Market
- Anglo Slashes De Beers' Value from $4.1bn to $2.3bn
on 23 February 2026 at 8:00 amMining giant Anglo American has almost halved the book value of De Beers to $2.3bn, as the ailing diamond miner reported losses of $511m for 2025 (from $25m in 2024). Anglo blamed "ongoing challenging rough diamond trading conditions" as well as...
- Chaos and Uncertainty over US Tariffs Flip-Flopon 22 February 2026 at 5:00 am
The diamond industry is facing chaos and uncertainty after U.S. tariffs were struck down by the Supreme Court - only to be immediately re‑introduced by President Donald Trump using different legislation. On Friday (20 February), the Supreme Court...
- Okavango Aims for Stability with More Contract Saleson 17 February 2026 at 9:00 am
Botswana's state-owned Okavango Diamond Company (ODC) is moving away from auctions and tenders and now aims to sell half its rough allocation through contract sales. They offer more predictable revenues, especially when global demand is so weak...
- Diamond Slowdown: Expansion at Gahcho Kue is "Paused"on 15 February 2026 at 5:00 am
Mountain Province Diamonds (MPD) say it has "paused" plans for a key expansion that would have prolonged the life of its Gahcho Kue mine in Canada's Northwest Territories. MPD, together with De Beers, its joint venture partner, say "current market...
- Angola's Annual Diamond Output to Hit 17.5m caratson 12 February 2026 at 6:00 am
The Angolan government says it aims to increase annual diamond production to 17.5m carats in 2027, after a record output last year of 14.0m carats. Endiama, the state-owned diamond company, said it was planning a significant expansion in its activities...