IDEX Online - Rough Market Rough Market
- New Mothae Owners put 400 Workers on Forced Leaveon 8 July 2025 at 8:00 am
All 400 workers at the Mothae diamond mine, in Lesotho, have been put on forced leave by the deposit's new owners and have had their wages halved, according to their union. The Independent Democratic Union of Lesotho (IDUL) says the move is in breach...
- D-Day Looms for US Reciprocal Tariffson 7 July 2025 at 9:00 am
D-Day is looming for the US to reimpose the reciprocal tariffs that prompted three months of turmoil for the diamond industry. The deadline for nations to negotiate an interim trade deal that avoids tariffs is 12.01am EST on Wednesday 9 July. If no deal is ...
- US Lab Grown Demand has Peaked, says Kellieon 7 July 2025 at 7:00 am
Demand for lab growns in the US has probably peaked, says David Kellie, CEO of the Natural Diamond Council (NDC), and will decline in the coming years. He says retailers aren't achieving the prices they'd like, and consumers are increasingly...
- Modi Seeks Closer Diamond Ties with Namibiaon 3 July 2025 at 11:00 am
India's prime minister is expected to push for closer diamond ties with Namibia when he makes his first ever visit to the country next week. India's Ankit Gems, KGK and other manufacturers currently operate cutting and polishing facilities in the capital...
- Diamond Slump Hits Namibia Government Revenueon 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 ...