IDEX Online - Rough Market Rough Market
- Lucara Names World's Second Biggest Diamondon 19 December 2024 at 2:00 pm
Lucara has announced a name for its 2,488-carat diamond - the world's second biggest - which was recovered in Botswana in August. It will be known as Motswedi, which means a water spring or the flow of underground water that emerges to the...
- Burgundy Sales "Bode Well for Recovering Diamond Market"on 17 December 2024 at 9:00 am
Burgundy Diamond Mines reported an increase in prices but a dip in revenue from its Ekati mine, in Canada, during Q4. Sales held in October and December raised $47m and $46m respectively (total $93m) the Australia-based company said today...
- Botswana Economy Hit by Diamond Slumpon 12 December 2024 at 1:00 pm
Botswana is braced for its worst economic downturn since the Covid crisis, amid the ongoing slump in demand for diamonds. Finance Minister Ndaba Gaolathe this week warned that it could contract by 1.7 per cent this year as a direct result ...
- Indian Digger's Diamond Fetches $111,000on 10 December 2024 at 6:00 am
A 19.22 carat diamond, recovered from a shallow mine by a part-time digger in India's Panna district, sold at auction for $111,000 (Rs 93,79,360). It was one of 29 diamonds sold by the Panna Diamond Office, as part of a deal in which farmers...
- Competition and Friendshipon 5 December 2024 at 6:00 pm
Competition and friendship in the diamond industry can and should go hand in hand, says Karen Rentmeesters, new CEO at Antwerp World Diamond Centre (AWDC). "In Flemish we call it 'comlegas'," she tells IDEX Online in an exclusive...