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News
Angola and Botswana Join Forces to Defend Natural Diamonds
5+ day, 9+ hour ago (467+ words) (IDEX Online) - Angola and Botswana are joining forces to strengthen the position of natural diamonds in international markets as they seek to counter growing competition from synthetic stones. The two African producers, who jointly account for almost 30% of the world's…...
Gem Diamonds Returns to Profit as Rough Prices Rise
1+ week, 15+ hour ago (421+ words) (IDEX Online) - Gem Diamonds returned to profit in the first half of 2026 as higher rough diamond prices at its Letseng mine in Lesotho lifted revenue despite lower recovered carat volumes. The company reported attributable profit of $0.6 million for the six…...
US Extends Russian Diamond Import Waiver To 2027
2+ week, 1+ day ago (390+ words) (IDEX Online) - The US has extended a waiver allowing limited imports of Russian-origin diamonds until September 2027, a move seen as practical rather than a softening of sanctions. The Office of Foreign Assets Control (OFAC) renewed General License 104B on August 26, pushing…...