De Beers says “seasonal trends” behind sixth cycle diamond sales slump
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...
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
PETRA Diamonds missed revised production guidance for the 12 months ended June but said the way was clear for a significant increase in output...
Lucara Diamond’s Karowe expansion announces 25% capex blow out after delays
LUCARA Diamond Corp.'s expansion of the Karowe mine in Botswana would take 18 months longer to complete than first planned while the project's capital...
Lucapa CEO Stephen Wetherall to step down after diamond firm clears...
STEPHEN Wetherall, MD and CEO of Lucapa Diamond Company since 2014, is to step down at the end of July, the firm announced today.
Nick...
De Beers says diamond sales deal could unleash $750m in Botswana...
DE Beers will invest $75m up-front into a Diamonds for Development Fund and could increase that to a total of $750m over the next...
Botswana says new diamond sales deal agreed with De Beers
THE government of Botswana announced on July 1 it had reached an in-principle agreement with De Beers on a new 10-year rough diamonds sales...
De Beers registers slide in fifth cycle sales as consumer pressure...
ROUGH diamond sales fell to $450m for the fifth sales instalment of 2023 said De Beers today, adding that the global economy continued to...
Petra warns of revenue hit after limp diamond market forces cancellation...
PETRA Diamonds today announced it had postponed its sixth tender owing to "a temporary slowdown in the market for rough diamonds" - a development...
Petra Diamonds finalises deal to reduce stake in Tanzania’s Williamson mine
PETRA Diamonds said on Wednesday it had concluded an agreement in which it would reduce its stake in the Williamson mine in Tanzania to...