IDEX Online - Rough Market Rough Market
- Civil Society Challenges Conflict Diamond "Breakthrough"on 22 May 2025 at 1:00 pm
The Kimberley Process (KP) remains a long way from reaching a consensus on redefining "conflict diamonds", according to the watchdog group Kimberley Process Civil Society Coalition (KP CSC). Last week Feriel Zerouki, president of the...
- $28m Emergency Funding as Lucara Sales Dipon 20 May 2025 at 11:00 am
Lucara is drawing down up to $28m in emergency funding for its underground mine expansion after reporting a slump in Q1 earnings and lowering its revenue guidance for the full year. The Vancouver-based miner received lender approval for the funds from ....
- Petra Completes Sale of Williamson Mineon 20 May 2025 at 10:00 am
Petra Diamonds has completed its sale of the Williamson mine, in Tanzania, as it seeks to address liquidity challenges. The UK-based miner sold just under half its interest in the mine to Pink Diamonds Investments Limited, an affiliate of Taifa, long-term...
- KP Closer to Redefining Conflict Diamondson 19 May 2025 at 7:00 am
Kimberley Process appears closer than ever to agreeing a new definition of "conflict diamonds" following its five-day Intersessional meeting in Dubai. The World Diamond Council (WDC), representing the entire diamond industry from producer to retailer...
- De Beers is "Cutting Prices in Secret Deals"on 15 May 2025 at 8:00 am
De Beers has reportedly been discounting rough prices - by as much as 20 per cent - to a select group of sightholders. It has offered increased flexibility in times of trouble, but has rarely, if ever, actually cut prices. The current "secret deals" - widely reported...