IDEX Online - Rough Market Rough Market
- Lesotho's Biggest Diamond Mine Halts Operations
on 3 June 2026 at 8:00 amThe Kao diamond mine, in Lesotho, is to halt operations at the end of this month. Loss-making operators Storm Mountain blames a slump in sales, together with a crippling rise in fuel prices as a result of conflict in the Middle East. It also said growing...
- High-Value Stones Boost Gem Diamonds' Revenueon 21 May 2026 at 5:00 am
Gem Diamonds reported higher revenue for Q1 2026, driven by large, high‑value recoveries, even though the total volume of rough sold was lower than usual. The company reported total revenue of $32.1 million for the quarter, which includes an exceptional parcel...
- Governments of Botswana, Angola Join WFDBon 19 May 2026 at 10:00 am
The governments of Botswana and Angola have become affiliated members of the World Federation of Diamond Bourses (WFDB) in a move that signals closer ties between producer countries and the trading community. The announcement was made yesterday...
- KP Must Meet Minimum Expectations, says Civil Societyon 19 May 2026 at 5:00 am
The Kimberley Process must "think beyond superficial marketing adjustments" and meet its minimum expectations, the civil society observer body said in a hard-hitting assessment ahead of last week's KP intersessional meeting in Mumbai. The Kimberley ...
- Production Halted at Murowa Diamond Mineon 19 May 2026 at 5:00 am
Production at the Murowa diamond mine, in Zimbabwe, has reportedly been suspended, as owners RioZim struggle to pay workers and creditors. The situation is "deeply worrying", according to Fred Moyo, the country's deputy minister of mines and ....