IDEX Online - Rough Market Rough Market
- Botswana's Diamond Stockpile Hits 12m Carats
on 9 February 2026 at 7:00 amBotswana is stockpiling almost twice as many diamonds as the limit set by its government. It has accumulated 12m unsold carats because it cannot sell its rough at a fair price amid ongoing weak demand. The government's allowable inventory level....
- 36% Slump in Gem Diamonds Revenueon 5 February 2026 at 7:00 am
Gem Diamonds has reported a 36 per cent drop in full year revenue for 2025. The UK-based miner also said the number of carats sold, and the average per-carat price achieved had both fallen by 20 per cent in 2025, compared with 2024. Gem's Letseng mine...
- Trump Slashes Tariffs on India to 18%on 3 February 2026 at 8:00 am
US president Donald Trump yesterday (2 February) said he would slash tariffs on Indian imports from 50 per cent to 18 per cent as part of a new trade deal. The move was announced in a Truth Social post, which indicated it was in response to India's agreement...
- India-US Trade Deal could Wipe Out Tariffson 15 January 2026 at 9:00 am
India and the US are reportedly edging towards a trade deal that could wipe out the 50 per cent tariff on natural diamonds. Sergio Gor, the new US ambassador to India, said both sides were actively engaged on trade deal negotiations during his trip to Delhi...
- Venezuela Upheaval could Unlock Diamond Reserveson 15 January 2026 at 4:00 am
Political upheaval in Venezuela could unlock the country's long-dormant diamond reserves. Estimates of the country's deposits vary widely. In recent years the Venezuelan government has claimed there are 1,020-1,295m carats across the vast Orinoco Mining..