IDEX Online - Rough Market Rough Market
- Karowe's Underground Expansion to Cost $779m
on 6 January 2026 at 10:00 amThe underground expansion of the Karowe diamond mine, in Botswana, is set to cost a total of $779m, according to an updated technical report published yesterday (5 January) by Canadian miner Lucara. Operations should begin in the first half of 2028, and the...
- Bow Tie Diamond Could Fetch $124,000on 6 January 2026 at 4:00 am
Alrosa has announced the recovery of a highly unusual rough diamond shaped like a bow tie. The 2.94-carat stone was found by its subsidiary Severalmaz at the Lomonosov deposit, near Pomorye, in Russia's Arkhangelsk region in August, but has only...
- Namibia's Diamond Output Hit by Price Drops and Lab Grownson 5 January 2026 at 3:00 pm
Namibia's rough diamond production fell by 3.5 per cent year-on-year during Q3 2025, as prices fell, demand for lab growns increased and inventories grew. The Bank of Namibia said in its quarterly bulletin that the country's output was 442,000 carats, down...
- India's Voluntary New Code on Lab Grown Termson 1 January 2026 at 3:00 pm
The Indian government has, from today (1 January 2026), introduced a voluntary standard concerning suitable terms to describe lab grown diamonds. The Bureau of Indian Standards (BIS) says the move is designed to enhance consumer transparency...
- Diamond Slump Hits Botswana's GDPon 30 December 2025 at 3:00 pm
Botswana's government is forecasting a contraction of almost 1 per cent in its economy for 2025, amid an ongoing slump in diamond sales. "The macroeconomic outlook for the whole of 2025 remains fragile, with GDP projected to contract by 0.9 per cent...