Rough Diamond News

The US will target Canadian diamonds and other exports with a punitive 50% tariff, over and above the new Section 301 tariffs that were introduced on goods from 60 countries last Friday (24 July). President Donald Trump says the move is designed to...

The Trump administration has announced a new set of tariffs that will add either 10% or 12.5% to the cost of jewelry, diamonds and gemstones imported into the United States, depending on the country of origin. The new strategy uses different legislation...

Lucara has recovered a 1,305.4 carat diamond from its Karowe mine, in Botswana - its 10th stone over 1,000 carats since full-scale open‑pit mining started in 2012. The diamond was unbroken, thanks to the Mega Diamond Recovery (MDR) X-ray ...

The move is part of Origins, the cost-reduction and business reorganization strategy that De Beers launched in 2024. In a press release issued today, the company said the strategy aims "to reduce costs, divest non-core assets and prioritize investment in activities that create the most value."

Looking at the market over a five-year period removes the distortions created by the COVID-19 buying boom. During this period, 1-carat diamonds lost 47.5% of their value, compared with a decline of just 13.6% for 5-carat diamonds. The 1-carat price index includes round diamonds weighing 1.00 to 1.49 carats, in the D-K color range and IF to I1 clarities. The 5-carat category includes round diamonds weighing 5.00 to 5.99 carats, in the D-J color range and IF to SI2 clarities.