Rough Diamond News

  • US Refunding Billions Paid in "Trump Tariffs"
    on 28 April 2026 at 2:00 pm

    The US government has started the refund process for importers who paid a total of $166 billion in "Trump tariffs" that were subsequently outlawed. Diamond and jewelry shipments will be among the first waves of eligible claims handled by..

  • Polished Prices Up, Rough Down, says AWDC
    on 27 April 2026 at 5:00 am

    Polished diamond prices increased internationally by 11.6% year-on-year in the first three months of 2026, according to the AWDC (Antwerp World Diamond Centre) as evidence of a "gradual recovery". Rough prices tell a different story, down 27% from $99 per carat...

  • Diavik Production Increases in Final Quarter Before Closure
    on 23 April 2026 at 12:00 am

    Rio Tinto reported a year-on-year quarterly increase of 11% in diamond production at Diavik, as the mine halted operations in March after 23 years. The mine, in Canada's Northwest Territories (NWT), produced 1.041 million carats during Q1 2026,..

  • Pope Blasts "Extractivism" on Visit to Diamond-Rich Angola
    on 21 April 2026 at 5:00 am

    Pope Leo XIV addressed exploitation and social injustice in Angola's diamond-rich areas on Monday (20 April) during a 10-day tour of four African countries. He spoke of the damage done by "extractivism" - a clear reference to the country's oil and diamond...

  • Angola Bets on Volume over Price
    on 16 April 2026 at 10:00 am

    Angola ramped up both production and export of rough diamonds in 2025 as part of an aggressive high-volume, low-price policy. Foreign sales surged about 70%, rising to roughly 17 million carats, according to new government figures, but the gross value...

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