IDEX Online - Rough Market Rough Market
- Finsch to Close as Small Stone Prices Collapse
on 10 August 2026 at 12:00 pmPetra Diamonds is to close its Finsch mine, in South Africa, blaming a collapse in demand for smaller rough. The decision follows the failure of a business-rescue process to find a viable way to restart mining. Creditors approved a plan on 7 August for the ...
- Russia to Create "Europe's Largest Diamond Cutting Cluster"on 10 August 2026 at 6:00 am
ussia is to create what it describes as the largest cluster of diamond-cutting facilities in Europe, in a move aimed at retaining more value from its stones. The cluster will combine Alrosa's Kristall cutting plant in Smolensk with facilities in the Republic ...
- India set to Challenge Dubai, Antwerp with Foreign Tax Exemptionon 6 August 2026 at 5:00 am
India'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 ....