IDEX Online - Rough Market Rough Market
- India set to Challenge Dubai, Antwerp with Foreign Tax Exemption
on 6 August 2026 at 5:00 amIndia's lower house of Parliament today (6 August) passed a Bill proposing a 15-year income-tax exemption for certain foreign companies selling qualifying rough diamonds through notified Special Notified Zones in Mumbai and Surat. The measure...
- "We Underestimated Lab Grown Threat," says Anglo CEOon 5 August 2026 at 10:00 am
De Beers underestimated the threat from lab growns, ‌Duncan Wanblad, CEO of parent company Anglo American, admitted in an interview with the Financial Times (FT). "Hindsight would probably show that we might have wanted to have been a...
- Strong Demand Pushes up Revenue at Gem Diamondson 3 August 2026 at 6:00 pm
Gem Diamonds says first-half revenue from its Letseng mine, in Lesotho, was up 33%, with what it described as "encouragingly strong demand" and a 38% hike in average prices. Total sales for the six months to 30 June were $59.5 million, compared to ....
- Anglo Hasn't Ruled out Other De Beers Bidderson 2 August 2026 at 4:00 am
Anglo American say it has not so far granted exclusivity to any group bidding to buy De Beers. Anglo's CEO Duncan Wanblad told reporters last Thursday (30 July): "We are not exclusive with any particular consortium ‌at â this particular point in time...
- $73m Diamond Smuggling Suspects and the Dollar Bill Codeson 30 July 2026 at 11:00 am
Gang members suspected of smuggling $73 million of diamonds into Vietnam allegedly used the serial numbers from US dollar bills as a secret authentication code. The stones were hidden in luggage, shoes, and clothing and illegally brought from Hong Kong ...