IDEX Online - Rough Market Rough Market
- Hundreds of Layoffs at Loss-Making Ekation 17 July 2025 at 10:00 am
Hundreds of workers have been laid off at the loss-making Ekati diamond mine, in Canada's Northwest Territories, as owners Burgundy say falling prices have made some of its operations "sub-economic". Open pit work at Point Lake kimberlite pipe has...
- Production Surge at Rio Tinto's Last Diamond Mineon 17 July 2025 at 6:00 am
Rio Tinto has reported a surge in production at Diavik, in Canada's Northwest Territories, its only remaining diamond mine. Rough output rose by 76 per cent during Q2 2025 (three months to 30 June) to 1.24m carats, according to a production report...
- Another Slump for India's Polished Exportson 17 July 2025 at 4:00 am
India suffered yet another slump in its gross monthly polished exports in June, down 23 per cent on the same period last year, to $779m. But it was less sharp than the previous month, according to the latest data from the Gems and Jewellery Export...
- Namdia Forced to Relocate after $17m Heiston 16 July 2025 at 8:00 am
Security concerns forced Namdia to relocate from its HQ after the $17m rough diamond heist in January, it emerged during a parliamentary question. "We did not authorise Namdia to operate from there while we are looking at the security features...
- Hundreds Laid off at Zimbabwe Diamond Mineson 15 July 2025 at 4:00 am
Zimbabwe's state-controlled diamond miner has laid off hundreds of workers as part of cost-cutting measures aimed at keeping the company afloat. There are conflicting reports over the actual number. Around 200 staff at the Zimbabwe Consolidated...