Rough Diamond News

  • Mountain Province Q2 Losses Widen to $87m
    on 23 August 2026 at 7:00 am

    Mountain Province Diamonds posted a net loss of CAD120.6 million (USD 86.9 million) for the quarter ended 30 June as it faced a sharp drop in diamond prices and unrealized foreign-exchange losses from a weaker Canadian dollar. That's an increase of ...

  • Dvash is New Chairman of Okavango Diamond Company
    on 23 August 2026 at 4:00 am

    Yoram Dvash, former president of the World Federation of Diamond Bourses (WFDB), has been appointed chairman of the board of Botswana's state-owned rough-diamond marketing company, Okavango Diamond Company (ODC). He succeeds...

  • India Approves Landmark Tax Break to Boost Rough Trade
    on 22 August 2026 at 2:00 am

    India's parliament has passed a 15-year income tax exemption for foreign companies selling rough diamonds through its Special Notified Zones (SNZs). The move is designed to transform India from the world's leading diamond cutting and polishing...

  • GIA Impostor Alert: CVD Rough Made to Mimic Natural Diamond
    on 17 August 2026 at 4:00 pm

    A rough diamond submitted to the Gemological Institute of America (GIA) turned out to be a CVD lab grown that had been deliberately cut to look like a natural stone. The 6.87-carat near-colorless crystal closely resembled a natural rough octahedron, say the ...

  • AI Drives China's 65% Surge in Lab Grown Exports
    on 12 August 2026 at 5:00 am

    China's lab-grown diamond exports jumped 65.3% in the first half of 2026, driven in part by rising overseas demand for synthetic stones used to cool high-performance AI chips, official trade data show. The value of lab-grown diamond exports cleared through...

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