Rough Diamond News

  • Diamond Slump Hits Namibia Government Revenue
    on 1 July 2025 at 11:00 am

    Tax and royalty contributions by De Beers to the Namibian government fell by 11 per cent in 2024, as a direct result of weaker diamond prices and lower output. The figure was down from $611m to $545m, according to the Tax and Economic Contribution ...

  • Conflict Diamonds: Report Challenges KP Lifting of CAR Embargo
    on 30 June 2025 at 9:00 am

    The Kimberley Process's full lifting of an embargo on Central African Republic (CAR) last November sends a message that conflict diamonds are no longer a problem - which is very far from the truth, says a new report by International Peace Information...

  • TAGS Specials Average $1m Each
    on 29 June 2025 at 12:00 am

    Trans Atlantic Gems Sales (TAGS) sold 15 specials (+10.8 carats) for an average of over $1m each at its latest tender in Luanda, Angola. Prices were above producers' expectations, reflecting what TAGS described as "the continued strength of demand for large...

  • Four Arrested over Alrosa Diamond Thefts
    on 26 June 2025 at 6:00 am

    Four people have been arrested in Moscow, accused of stealing a batch of diamonds worth RUB 1.9m (USD 22,000) from Alrosa, Russia's state-controlled miner. Valentina Matyushchenkova, an employee who worked in the rough sorting division...

  • Endiama and Sodiam Sign up to NDC
    on 25 June 2025 at 9:00 am

    Angola's state-owned diamond businesses - miner Endiama and trading company Sodiam - will officially join the Natural Diamond Council (NDC) next week (from 1 July) and will jointly contribute $8m. Angola, the world's third biggest...

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