IDEX Online - Rough Market Rough Market
- China Ends VAT Concession for Diamonds
on 19 November 2025 at 4:00 amChina has ended concessions on diamond imports and is now charging 13 per cent VAT. The move applies specifically to diamonds - both natural and lab grown - traded through the Shanghai Diamond Exchange (SDE), but since it is China's sole authorized...
- Star Diamond Losses Narrow as it Cuts Costson 17 November 2025 at 5:00 am
Canadian junior miner Star Diamond reported another net loss in Q3, of CAD 989,000 (USD 705,000). It was lower than its Q3 loss in 2024 (CAD 1.4m, USD 997,000) and its loss of CAD 1.45m (USD 1,034,000) in Q2 2025. The company said it was narrowing...
- Mountain Province CEO Quits as Losses Widenon 14 November 2025 at 6:00 am
Canada's Mountain Province Diamonds has announced the departure of Mark Wall, its president and CEO, on the same day it reported a third-quarter net loss of CAD 55.9m (USD 39.9m). Mountain Province, which owns 49 per cent of the open pit Gahcho Kue...
- Severance Pay Delayed to Laid-Off Diamond Workerson 14 November 2025 at 5:00 am
More than 300 workers who were laid off from the Ekati diamond mine, in Canada, in July, have had their scheduled severance payments delayed as owners Burgundy battle cashflow problems. Last month the Calgary-based miner updated former...
- Boko Determined to Acquire Majority Stake in De Beerson 13 November 2025 at 4:00 am
Botswana's President Duma Boko says he's determined to acquire a majority stake in De Beers for his nation - despite a last-minute rival bid from Angola. "Government will leverage a majority stake," he said in a speech on Monday (10 November)...