IDEX Online - Rough Market Rough Market
- De Beers "to cut Sightholder Numbers"on 15 October 2024 at 11:00 am
De Beers is reportedly planning to further cut the number of sightholders. The UK-based has steadily reduced the number from an historic peak of 350 to a current total of just over 60. That number is to be further reduced, as of January 2026...
- Global Supply of Diamonds has Peakedon 13 October 2024 at 1:00 pm
The supply of natural diamonds globally has peaked, Moses Madondo, CEO of De Beers group managed operations, told a conference in South Africa. Production is declining, with a number of mine closures on the horizon, he said, but no new ...
- Lucara Sells Digital Sales Platform to ex-CEOon 8 October 2024 at 8:00 am
Canadian miner Lucara has sold Clara, its digital sales platform, to former CEO Eira Thomas and a group led by the Vancouver-based HRA Group of Companies. The move gives Clara's new owners the freedom to sell other diamonds...
- G7 Sanctions: Buyers Wary of Angolan Goodson 6 October 2024 at 4:00 am
Angola's state-owned diamond miners says some customers are choosing not to buy its goods because Alrosa - the sanctioned Russian miner - holds a hefty stake in its mines. Endiama, and its subsidiary Endiama Mining, jointly hold a ...
- Ekati Owners in Plea for Government Helpon 1 October 2024 at 3:00 am
The owners of Ekati, Canada's first diamond mine, say it could close or be sold, unless the government steps in to help. Australia-based Burgundy says diamond prices have dropped 20 per cent since it bought the deposit in July 2023 and it has...