De Beers defers June rough diamond sales 50pc
The question is whether an uninspired market will be able to mop up the
deferred sales later in the year which is shaping up to show a 7% decline in
diamond sales for De Beers.
De Beers playing poker with perception by launching Lightbox?
ANGLO American’s 85%-owned De Beers may have pulled off a strategic coup by unveiling plans to launch a new brand of synthetic diamonds. These...
Petra Diamonds concludes exit from Williamson mine
PETRA Diamonds has exited Tanzania's Willliamson (WDL) mine saying on Wednesday an agreement to sell its remaining 31.5% stake had been concluded.
"We would like...
De Beers doubles sales in first sight of 2016
However, Goldman Sachs expressed concerns De Beers was making unfair comparisons while another diamond firm said the market would remain volatile.
Firestone on track for full-year production target despite wobble in January
FIRESTONE Diamonds said an equipment failure would impact tonnes treated at its Liqhobong mine in Lesotho in the third quarter but the company remained...
GEM not interested in buying “lovely” Petra Diamonds assets after kicking...
GEM Diamonds was unlikely to bid for Petra Diamonds or any of its assets, according to the firm's CEO, Clifford Elphick, today.
Asked for his...
Petra wins plaudits but diamond prices worry
Analysts liked Petra Diamonds' deal to buy De Beers Kimberley Mines, but the short term price pressure in rough diamonds continued to be "a headwind".
Namdeb posts giant loss
Namdeb, the partnership company between the Namibian government and diamond giant De Beers, reports a loss before tax of N$555m for the 2009 year, compared to a N$1.98bn profit in 2008, mainly due to a decrease in revenue.
De Beers diamond sales slump in 2019
De Beers ended 2019 on a depressed note with its 10th - and final - diamond sales “sight” for the year realising $425m...
Lucapa in diamond marketing talks with Lesotho Govt. in effort to...
LUCAPA Diamond Company has submitted a marketing proposal to the Lesotho government containing off-take provisions in the hope it can restart the firm's Mothae...