Zambia Revenue Authority raids Gemfields’ Kagem facilities
GEMFIELDS, the Johannesburg-listed precious stones mining and marketing company, said the premises of its Zambian subsidiary, Kagem Mining, were raided by the southern African...
Cash-strapped cutters embrace De Beers offer
A lack of bank liquidity and difficult trading conditions means sightholders are
likely to jump at the chance of deferring up to 50% of rough diamond sales,
says De Beers CEO Philippe Mellier.
Diamond fortunes central to Anglo’s future
Following the $5.1bn purchase of the Oppenheimer family stake in De Beers, the
fortunes of the diamond market has become a priority for Anglo American.
Gemfields heads off expensive legal fracas with Montepuez community in £5.8m...
GEMFIELDS chose practicality over a potentially expensive legal process in a "no admission of liability" settlement with attorneys representing community members residing near its...
Botswana reaps rewards of De Beers move
The move of the De Beers Diamond Trading Company from London to Gaborone
in Botswana is one of the biggest ever transfers of economic activity in the
history of Africa.
De Beers reports uptick in first sales cycle to $545m on...
DE Beers' diamond sales for the first sight or sales cycle of 2020 indicated the market may have stabilised, and could even be improving.
Sales...
Angola breakthrough for Trans Hex
Diamond producer Trans Hex will only have to provide its share of the capital expenditure needed to build the new Luana mine in Angola according to CEO Llewellyn Delport.
Can De Beers crack the spending power of Gen Z, a...
IRISH playwright George Bernard Shaw once observed that "Youth is wasted on the young", but what’s less known is that the sentence ends: "...
De Beers $35m May sales highlights extent of pain in the...
DE Beers sold $35m worth of rough diamonds in a sales cycle held in May, according to a report by Bloomberg News which cited...
GEM Diamonds recovers 442 carat diamond – one of largest gems...
GEM Diamonds said it had recovered a 442 carat diamond from its Letšeng mine in Lesotho which it described as one of the largest gem...