Diamonds

De Beers rough diamond sales fall 42% for seventh cycle

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DE Beers reported a 42% decline in rough diamond sales for its latest cycle of the year which it put down to macroeconomic and...

De Beers expects shareholder support for ‘hugely accretive’ deal

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DIAMOND contracts are not, it seems, forever — unfortunately for De Beers. By the time the Anglo American firm brings a new marketing deal...

Petra says demand “more muted’ than expected in first tender of...

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PETRA Diamonds said rough diamond sales from the first tender of its 2024 financial year were "more muted" than expected. The UK-listed firm sold 696,194...

Lucara buys time to negotiate debt crisis but minorities to pay...

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LUCARA Diamond Corp. has bought itself valuable time while it negotiates with lenders following delays to the underground expansion of its Karowe mine in Botswana. The...

Lucara’s Thomas quits as CEO as firm seeks way out of...

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EIRA Thomas has stepped down as CEO of Lucara Diamond Corp., the Toronto-listed miner, the company announced today. Her resignation comes amid high distress for...

Lucara confident in Karowe expansion after cost overrun raises going concern...

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LUCARA Diamond Corp. said the expansion of its Karowe mine in Botswana was economically robust after raising a flag earlier today over the company's...

Lucara’s Karowe yields another whopper, provides welcome distraction

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LUCARA Diamond Corporation said it had recovered another gem in excess of 1,000 carats from its Karowe mine in Botswana. The 1,080.1 carat gem, measuring 82.2...

De Beers says “seasonal trends” behind sixth cycle diamond sales slump

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ROUGH diamond sales weakened in De Beers' sixth sales cycle which the firm's CEO Al Cook put down to "seasonal trends". The Anglo American-controlled firm...

10 years, $2.5bn later De Beers produces first diamonds from Venetia...

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DE BEERS Group has produced its first diamonds from about a kilometre underground at its Venetia mine in South Africa's Limpopo province. Production comes more...

Petra Diamonds misses production target but promises better days

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PETRA Diamonds missed revised production guidance for the 12 months ended June but said the way was clear for a significant increase in output...