Rough Diamond News

  • Okavango Parts Company with its Managing Director
    on 26 November 2025 at 10:00 am

    Botswana's Okavango Diamond Company (ODC) is parting company at short notice with its managing director Mmetla Masire. The government-owned rough diamond marketing company said in a statement that the separation was "an amicable and...

  • Sarine Reports 27% Drop in Revenue
    on 25 November 2025 at 10:00 am

    Sarine reported a 27 per cent drop in revenue for the first nine months of this year, primarily as a result of the popularity of lab growns among US consumers. The Israel-based diamond tech company said earnings for January to September were $22.3m,...

  • Diamonds from 15-Year Dispute are Finally Sold
    on 25 November 2025 at 5:00 am

    The majority of the diamonds from a 15-year long legal dispute in Zimbabwe were finally sold last week, raising a total of $1.09m at a TAGS tender in Dubai. Vast Resources said the initial parcel of 126,677.50 carats contained a mix of quality gem, low-grade...

  • Conflict Diamonds: Nations that Vetoed New Definition
    on 24 November 2025 at 5:00 am

    The Kimberley Process (KP) has again failed to reach agreement on a new definition of conflict diamonds. A proposal to broaden the term at the KP plenary in Dubai last week was rejected by Australia, Canada, the EU (representing 27 member countries)...

  • Mountain Province Extends Loan Repayment Terms
    on 19 November 2025 at 3:00 pm

    Troubled Canadian miner Mountain Province Diamonds has extended the repayment terms on a CAD 33m (USD 23.4m) short-term loan it took to see it through ongoing cash flow difficulties. The company announced details in February 2025 of a Working...

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