IDEX Online - Rough Market Rough Market
- Burgundy Secures Extra $44m Loan from Government
on 11 March 2026 at 5:00 amBurgundy Diamond Mines has secured an additional lifesaving loan from the Canadian government to support continued operations at its Ekati mine. The company was facing imminent bankruptcy and closure of the deposit last December, when it agreed...
- Iran War Halts Shipments Between India and Dubaion 10 March 2026 at 12:00 pm
The war in Iran has halted diamond shipments between India and Dubai. Iran has launched over 1,000 drones and ballistic missiles at the UAE since 28 February in retaliation for US and Israeli strikes. The UAE supplies over two-thirds of India's rough...
- Tariff Refunds (Eventually) for US Diamond Importerson 9 March 2026 at 5:00 am
Diamond importers in the US can expect refunds, eventually, on reciprocal tariffs paid before they were ruled illegal by the Supreme Court last month. It follows a ruling by a judge at the U.S. Court of International Trade on 4 March ordering...
- Alrosa Profits up 88% Despite G7 Sanctionson 8 March 2026 at 10:00 am
Alrosa reported an 88% jump in its FY2025 profits, as it cut costs, improved efficiency, diversified into gold and benefited from a weaker ruble. Russia's state-controlled miner has been selling rough to India, China and elsewhere since the G7 nations ...
- Lucara's Revenue Normalizes after 2024 Bonanzaon 8 March 2026 at 6:00 am
Lucara's FY2025 revenue fell by almost 22%, reflecting a normalization after the sale of two exceptionally high‑value stones the previous year. In FY2024, the Canada-based miner sold the 549-ct Sethunya and the 1,080-ct Eva Star, both Type IIa...