Rough Diamond News

  • Historic Mine Shuts, Five Workers Feared Dead
    on 26 February 2026 at 12:00 am

    The historic Ekapa diamond mine, in Kimberley, South Africa, has closed with immediate effect - a week after five miners were trapped deep underground by a mud rush and water flood. Rescue attempts have failed and the miners are now presumed to have died....

  • $25m Cash Injection for Meya Mine
    on 24 February 2026 at 8:00 am

    Meya Mining Company has secured a $25m facility that will bring it closer to starting commercial production at its mine in Sierra Leone's Kono District. It has agreed terms with the pan-African banking group Ecobank. The capital will allow Meya...

  • Anglo Slashes De Beers' Value from $4.1bn to $2.3bn
    on 23 February 2026 at 8:00 am

    Mining giant Anglo American has almost halved the book value of De Beers to $2.3bn, as the ailing diamond miner reported losses of $511m for 2025 (from $25m in 2024). Anglo blamed "ongoing challenging rough diamond trading conditions" as well as...

  • Chaos and Uncertainty over US Tariffs Flip-Flop
    on 22 February 2026 at 5:00 am

    The diamond industry is facing chaos and uncertainty after U.S. tariffs were struck down by the Supreme Court - only to be immediately re‑introduced by President Donald Trump using different legislation. On Friday (20 February), the Supreme Court...

  • Okavango Aims for Stability with More Contract Sales
    on 17 February 2026 at 9:00 am

    Botswana's state-owned Okavango Diamond Company (ODC) is moving away from auctions and tenders and now aims to sell half its rough allocation through contract sales. They offer more predictable revenues, especially when global demand is so weak...

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