IDEX Online - Rough Market Rough Market
- Botswana "Could Buy De Beers Outright"on 29 August 2025 at 6:00 am
The government of Botswana could buy an additional stake in De Beers, or even acquire the business outright, according to a Financial Times (FT) report. Anglo American is seeking buyers for its 85 per cent stake in loss-making De Beers (valued at...
- India's Rush to Beat 50% US Tariffs on Diamondson 26 August 2025 at 9:00 am
Diamond manufacturers in India have been rushing to dispatch goods to the US to beat tomorrow's deadline, when tariffs double from 25 per cent to 50 per cent. The additional 25 per cent tariff, imposed by President Donald Trump to punish India ...
- Alrosa Develops AI for Diamond Prospectingon 26 August 2025 at 7:00 am
Alrosa says it has developed an AI-based system to help identify hard-to-find diamond deposits. Russia's state-controlled miner said in a statement published on 21 August that the technology will "allow more accurately identifying promising areas...
- Diamond Slump Prompts Botswana Health Emergencyon 25 August 2025 at 5:00 pm
The government of Botswana today (25 August) declared a public health emergency and warned of dire shortages in essential medicines as a result of the slump in diamond sales. Diamond revenue for the world's biggest producer by value halved in 2024...
- More Spending Cuts as Botswana Diamond Revenue Declineson 24 August 2025 at 6:00 am
Botswana's government has announced plans for further spending cuts as a result of declining diamond revenue. Ndaba Gaolathe, the country's finance minister and vice president, told parliament last week that savings of BWP 5.5bn (USD 400m) ...