In annual terms to 0.81 million carats against the background of the continued decline in prices for rough diamonds, IDEX reports. Recall that in July 2025, Burgundy suspended part of mining operations at the Ekati mine (Point Lake) due to "sub-economical" prices.
In our opinion, the current operational difficulties among junior miners (⅓ global rough diamond supply) — the recent refinancing program by Petra amid ongoing negative free cash flow — highlight the serious crisis in the global diamond market. However, recovery may take time due to the still high stocks in the middle tier and the risks of supply disruptions in 2025-26.
