IDEX Online - Rough Market Rough Market
- Angola Diamond Revenue Surges as it Sells Stockpiles
on 13 January 2026 at 9:00 amAngola's diamond revenue surged by 21 per cent during 2025, up from $1.49bn to $1.8bn as it opted to sell off stockpiles from its Luele and Catoca mines, rather than wait for a recovery. The state diamond company Sodiam, which acts as the country's sole...
- Antwerp Trade Falls 23% in 2025, but Shows Signs of Recoveryon 13 January 2026 at 6:00 am
The value of Antwerp's trade in rough and polished diamonds fell by 22.8 per cent last year, down from $24.5bn to $19.1bn, according to the Antwerp World Diamond Centre (AWDC). That's less than half the post-Covid 2022 peak of $41bn. But the AWDC...
- IMF: "Bottlenecks" Hindering Botswana's Post-Diamond Futureon 12 January 2026 at 5:00 am
Botswana's reliance on diamond revenue has contributed to the "bottlenecks" that are now hindering private sector growth and diversification, says the IMF. In a newly-published report, Addressing Growth Bottlenecks in Botswana, the International...
- De Beers Confirms Bids from Botswana, Angola and Namibiaon 11 January 2026 at 1:00 pm
De Beers has confirmed that Botswana, Angola and Namibia have expressed interest in acquiring equity in the company, along with a number of unnamed business groups. But CEO Al Cook, in an interview with the Reuters news agency last week, declined...
- Karowe's Underground Expansion to Cost $779mon 6 January 2026 at 10:00 am
The underground expansion of the Karowe diamond mine, in Botswana, is set to cost a total of $779m, according to an updated technical report published yesterday (5 January) by Canadian miner Lucara. Operations should begin in the first half of 2028, and the...