IDEX Online - Rough Market Rough Market
- Government's Lifesaving $83m Loan for Ekati Mine
on 22 December 2025 at 10:16 amBurgundy has secured a lifesaving loan from the Canadian government for its Ekati mine. The company was facing imminent bankruptcy and closure of the deposit, amid cash shortages, unpaid debts, a collapsing rough diamond market and punitive...
- Namibia: Gold and Uranium Earnings Overtake Diamondson 22 December 2025 at 9:00 am
Namibia has, for the first time, earned more tax revenue from gold and uranium than from diamonds. Natural diamonds, primarily from marine operations, have long accounted for almost a third of Namibia's export earnings. But it has faced a severe contraction ...
- Mexico Hits India Diamantaires with 50% Tariffon 18 December 2025 at 10:00 am
Mexico is imposing its own 50 per cent tariff on diamonds imported from India. It is following the US lead, and preventing Indian diamantaires using it as a "bridge" - shipping rough or semi-cut stones there, polishing them there (to qualify as "Mexican")...
- Passenger from Angola Caught with 11,000 Undeclared Diamondson 17 December 2025 at 10:00 am
A passenger arriving in Germany from Angola was found to be carrying 11,270 rough diamonds concealed in the false bottom of his carry-on luggage, according to customs officers at Frankfurt am Main Airport. The 53-year-old man, whose identity was ...
- IMF Cautions Botswana: Don't Buy De Beerson 15 December 2025 at 2:00 pm
The IMF has cautioned Botswana's authorities against increasing the country's stake in De Beers. It says the country's economy is struggling with weak diamond demand and fiscal pressures, and increasing its stake above the current 15 per cent would...