Rough Diamond News

  • Strong Demand Pushes up Revenue at Gem Diamonds
    on 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 Bidders
    on 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 ⁠this particular point in time...

  • $73m Diamond Smuggling Suspects and the Dollar Bill Codes
    on 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 ...

  • TAGS: "Return to Near Normal Trading"
    on 30 July 2026 at 3:00 am

    Prices at a sale of rough specials (+10.8 carats) exceeded mines' expectations, said Trans Atlantic Gems Sales (TAGS) as demand grows for high-value goods. The Dubai-based tender house said it achieved a 95% sell-through rate in Luanda, with a total revenue...

  • Two Thirds of IGI Revenue Now from Lab Growns
    on 29 July 2026 at 12:00 pm

    IGI reported significant increases in revenue and profit, with lab growns now accounting for two thirds of all its certification earnings. Revenue was up 23% for the three months to the end of June (Q1 FY27) to RUP 3.7 billion (USD 36 million) ...

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