IDEX Online - Rough Market Rough Market
- High-Value Recoveries Drive up Gem Revenueon 13 March 2025 at 1:00 pm
Gem Diamonds saw revenue and profits increase in FY2024, as high-value recoveries more than made up for persistent downward pressure of the diamond market. In its Full Year 2024 Results published today (13 March), the UK-based miner...
- Police Recover $2.2m of Namdia's Stolen Diamondson 12 March 2025 at 1:00 pm
Diamonds worth $2.2m have been recovered following an armed raid on Namibia's state-run marketing company in January, in which a staff member was killed. Namdia (Namib Desert Diamonds) said in a statement that it was hopeful that more of the ...
- Alrosa set to Sell More Rough to Governmenton 9 March 2025 at 5:00 am
The Russian government could buy more rough diamonds from the state-run miner Alrosa, as it faces ongoing G7 sanctions and weak global demand. The Finance Ministry says it will assess the situation after seeing second quarter results....
- Lucapa Loss Narrows to $1.5mon 6 March 2025 at 1:00 pm
Lucapa reported a $1.5m loss for 2024, an improvement on its $17.2m loss the previous year, but it cautioned that future profitability depended on the market picking up. Rough diamond sales were almost halved, from $102.2m in 2003 to $54.2m as ...
- Karelian Plans Further Exploration in Finlandon 6 March 2025 at 10:00 am
Karelian Diamond Resources hopes to extend its exploration program in Finland for a further year. The Ireland-based diamond exploration company identified a green diamond in the Kuhmo region (in eastern Finland), in 2022, and has...