Category: Rough

Iran War Disrupts Diamond Trade in Dubai, Israel

Koin, TAGS postpone rough tenders in Emirati city.

Move reflects intense shortage of 5-carat-plus rough at February sight.

Sightholders say new system makes rough less commoditized.

Miner will hold 10 sales during the year.

Miner moves 2-carat goods out of beneficiation ranges.

Dealers believe Anglo American’s sale process is dictating policy.

Miner cites “challenging environment” for diamond industry.

Adam Schulman of Koin International extols the virtues of the tender system.

Recovered in August 2024 from Lucara’s Karowe mine in Botswana, it is the second-largest ever found.

Small rough is the biggest victim as tariffs compound the industry’s challenges.

The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.