Diamonds

Lucapa ices Merlin feasibility study as diamond market bites

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LUCAPA Diamonds has iced its Merlin feasibility study owing to a decline in diamond prices, saying that it was weighing low cost alternatives. The project,...

GEM ends haulage contract with Lesotho prime minister’s company

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GEM Diamonds has chosen to end a long-standing contract with a load and haul company serving its Letšeng mine in Lesotho after the supplier's...

De Beers’ sales fall to $80m as diamond miner waits on...

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ROUGH diamond sales shrank to $80m for De Beers' penultimate sales cycle for 2023 as the Anglo American company limited supply in response to...

De Beers signs five year wage deal with NUM

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DE BEERS on Thursday announced a five year wage deal with the National Union of Mineworkers (NUM) for employees at its Venetia Mine and...

Are diamonds for Anglo? De Beers’ slump raises questions

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IN 2022, Petra Diamonds CEO Richard Duffy said the market for diamonds was undergoing a positive "structural change". It was not a "bubble or a...

Petra defers $65m in capex at SA mines as diamond inventories...

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PETRA Diamonds is to defer $65m of its capital extension programmes at the Cullinan and Finsch mines with immediate effect but will not spell...

Petra sales fall as diamond market continues to falter

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PETRA Diamonds continued to suffer the effects of declining market prices reporting second tender sales of $40.9m – 49% lower than the first tender sales...

De Beers suspends online tenders as diamond sales fall to $200m

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DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season. The Anglo American-controlled firm also...

De Beers concludes diamond agreement with Botswana Govt.

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DE Beers and Botswana's government finalised a new diamond sales agreement including a new 10-year sales agreement, said Bloomberg News citing an announcement on...

Petra Diamonds keeps faith in diamond market deficit as production ramps...

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The question hanging over Petra Diamonds’ plans to ramp up output by 1.3 million carats over the next three years is whether this production...