IDEX Online - Rough Market Rough Market
- Ekati Owners File for Insolvency Protection
on 4 May 2026 at 5:00 amOwners of the Ekati diamond mine in Canada's Northwest Territories have filed for insolvency protection, just months after agreeing federal loans worth up to CAD 175 million (USD 128 million). Arctic Canadian Diamond Company (ACDC), a subsidiary...
- Steep Rise in De Beers Rough Productionon 3 May 2026 at 8:00 am
e Beers says rough diamond production increased by 17% in the first three months of 2026, to 7.1 million carats. The increase was largely driven by the release of stockpiled ore at Gahcho Kue, in Canada, (up 163%) and higher underground volumes at...
- S&P Cuts Mountain Province Credit Ratingon 30 April 2026 at 8:00 am
Mountain Province's credit rating has been downgraded by S&P, to reflect "a higher likelihood of a near-term default or debt restructuring". The Canadian diamond miner is facing significant debt maturities and financial obligations that it has yet ...
- US Refunding Billions Paid in "Trump Tariffs"on 28 April 2026 at 2:00 pm
The US government has started the refund process for importers who paid a total of $166 billion in "Trump tariffs" that were subsequently outlawed. Diamond and jewelry shipments will be among the first waves of eligible claims handled by..
- Polished Prices Up, Rough Down, says AWDCon 27 April 2026 at 5:00 am
Polished diamond prices increased internationally by 11.6% year-on-year in the first three months of 2026, according to the AWDC (Antwerp World Diamond Centre) as evidence of a "gradual recovery". Rough prices tell a different story, down 27% from $99 per carat...