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- Rio Tinto Increases Diamond Sales, Narrows Losseson 31 July 2025 at 11:00 am
Rio Tinto has reported an increase in first-half sales at its Diavaik diamond mine, in Canada, and said it had narrowed losses. The global miner said revenue for the six months to 30 June was $162m, up nine per cent on the same period last year, and losses were...
- US Importers to Pay 37% Tariff on Botswana Diamondson 31 July 2025 at 8:00 am
The US is almost certain to go ahead and impose a 37 per cent tariff on all goods imported from Botswana, starting tomorrow (1 August). That is one of the highest rates of tariff being introduced by the US. Botswana, the world's second biggest...
- Trump Imposes 25% Tariff, Plus "Penalty" on India Exportson 30 July 2025 at 3:00 pm
India's diamond industry today (30 July) had its worst fears confirmed as the US announced all imports would be subject to 25 per cent tariffs, effective as of Friday (1 August). In addition it will face an unspecified extra penalty for buying military equipment...
- Diamond Slump: Mountain Province Borrows Another $10mon 29 July 2025 at 12:00 am
Canadian miner Mountain Province Diamonds is borrowing an additional $10m to manage ongoing cash flow difficulties, it announced today (29 July). As weakened demand persists, it is being forced to increase credit facilities to meet working capital needs...
- Botswana Wants Controlling Stake in De Beerson 27 July 2025 at 12:00 pm
The government of Botswana has indicated that it is actively pursuing a controlling stake in De Beers, ahead of the 1 August deadline for bids to be submitted to parent company Anglo American. The country's mining minister Bogolo Kenewendo ...