IDEX Online - Rough Market Rough Market
- US Tariff Turmoil: On, Off, On Againon 30 May 2025 at 1:00 pm
Reciprocal tariffs were in turmoil today (30 May) after one US court blocked them on Wednesday (28 May) and another temporarily reinstated them the next day (29 May). The diamond industry has been in a state of near-paralysis since Donald Trump ...
- $300m Loan to Stabilize Botswana's Economyon 28 May 2025 at 10:00 am
Botswana is borrowing $304m from the African Development Bank (AfDB) as falling diamond prices threaten its economic stability. The loan, approved last week, is part of a broader $1bn support package announced in April. Botswana, now the world's...
- Sarine Blames Extremely Challenging Conditions for Slight Losson 27 May 2025 at 12:00 am
Sarine reported a "negligible" net quarterly loss of $100,000 amid what it said were "extremely challenging conditions". The Israel-based diamond tech company blamed the Chinese market - still showing no signs of recovery - the continued rise of ...
- Loss-Making Lucapa Forced into Administrationon 25 May 2025 at 8:00 am
Lucapa Diamond Company has appointed voluntary administrators after sustained low diamond prices and operational challenges left the Australian miner unable to meet its financial obligations. The company said (on 23 May) that Melbourne-based ...
- 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...