IDEX Online - Rough Market Rough Market
- Lucara Recovers 36.92-ct Blue Diamond
on 17 March 2026 at 12:00 pmLucara yesterday (16 March) announced the recovery of a 36.92-carat blue diamond from its Karowe mine, in Botswana. It says the high-quality Type IIB stone was recovered from ore sourced from stockpile material using X-ray transmission machines ...
- Diamond Slump: S&P Downgrades Botswana, Againon 17 March 2026 at 7:00 am
Botswana's credit rating has been downgraded for the second time in six months by the ratings agency S&P Global, in response to ongoing weak global demand for diamonds. The world's second biggest diamond producer had held steady with a BBB+ ...
- "India's Diamond Revenue to Rebound in 2027"on 15 March 2026 at 7:00 am
The cut in US tariffs on imports from India could push up revenue for the country's diamond polishers by 6% to 7% in FY 2027, according to Crisil, the Mumbai-based ratings agency. But it is forecasting a contraction of 8% to 10% year-on-year...
- Mountain Province Sales Slump in "Very Difficult" Conditionson 12 March 2026 at 5:00 am
Mountain Province Diamonds has reported a 42% drop in sales for FY2025, as "very difficult" market conditions persist. The Toronto-based miner said revenue for the full year was down from USD 195.2m to USD 111.5m, although there was an improvement...
- Burgundy Secures Extra $44m Loan from Governmenton 11 March 2026 at 5:00 am
Burgundy Diamond Mines has secured an additional lifesaving loan from the Canadian government to support continued operations at its Ekati mine. The company was facing imminent bankruptcy and closure of the deposit last December, when it agreed...