IDEX Online - Rough Market Rough Market
- De Beers has "Biggest Stockpile Since 2008"on 25 December 2024 at 12:00 pm
De Beers' stockpile of rough diamonds is bigger that at any time since the 2008 financial crisis, according to a Financial Times (FT) report today (25 December). The troubled miner now has inventory worth a reported $2bn, as a result of weak diamond...
- Lucapa to Secure Majority Stake in Lulo Exploration JVon 25 December 2024 at 10:00 am
Lucapa says it's close to securing a majority stake in the joint venture (JV) exploring for additional kimberlites at the Lulo alluvial mine, in Angola. It says acquiring a larger share from the Angolan government will increase its future share of a diamond...
- Antwerp Deal: Choron Group Acquires AMC Groupon 24 December 2024 at 5:00 am
Rough-to-polished diamond house The Choron Group, is to acquire AMC Group, a De Beers sightholder and manufacturer. The two companies said in an joint statement that they will combine their operations into what they describe as...
- Petra Cuts Price Forecasts and Announces Job Losseson 23 December 2024 at 5:00 am
Petra saw like-for-like prices drop by 7 per cent at its last tender of 2024, and has cut its pricing assumptions for next year amid "prevailing market weakness". The UK-based miner also announced an unspecified number of job losses and...
- Alrosa: No Plans to Reduce Diamond Productionon 22 December 2024 at 8:00 am
Alrosa says production during 2024 slipped by 4.6 per cent as G7 sanctions took effect and the global slowdown persisted. But the state-controlled Russian miner insists it has no plans to reduce future production volumes. Alrosa will have produced 33m...