Rough Diamond News

  • $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) ...

  • De Beers Rough Sales Down 44%
    on 29 July 2026 at 6:00 am

    Rough sales at De Beers slumped during the three months to the end of June, down 44% to $665 million, as owners Anglo American said the sale of its diamond mining unit was progressing. It expects the company to report another loss for De Beers...

  • US Hits Canada with Punitive 50% Tariff
    on 26 July 2026 at 9:00 am

    The US will target Canadian diamonds and other exports with a punitive 50% tariff, over and above the new Section 301 tariffs that were introduced on goods from 60 countries last Friday (24 July). President Donald Trump says the move is designed to...

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