Lucara Diamond calls on emergency fund to remain liquid
PRESSURE is growing on Lucara Diamond which said it will draw on additional financing facilities to remain liquid.
Commenting in notes to its first quarter...
De Beers to close lab grown business
DE BEERS is closing its lab-grown business after saying earlier it had stopped selling the stones as jewellery.
Citing the diamond company's CEO Al Cook,...
Gemfields to hold $30m rights issue as it plunges into far...
Emerald and ruby producer Gemfields is to hold a $30m rights issue at a deep discount to its current share price as it moves...
US tariffs force diamond sales delays in further financial blow to...
Petra Diamonds has postponed the sale of about 200,000 carats of diamonds produced from its Cullinan mine near Pretoria because of the “considerable diamond...
Lucara terminates contract of Karowe project manager
LUCARA Diamond Corp. said on Monday it would take a hands-on approach to the completion of the $684.3m Karowe underground project, the costs of...
Diamond slump to hold back Namibia’s economic growth
A SLUMP in the diamond market would create a difficult fiscal backdrop for Namibia despite the southern African country forecasting modest growth this year.
This...
Anglo starts initial talks on possible De Beers IPO
TALKS have started over the potential listing of De Beers as 85% shareholder Anglo American sets about the most difficult part of its wide-ranging...
De Beers, Botswana formally sign new marketing agreement
ANGLO American said on Tuesday Botswana's government had formally signed a new diamond marketing agreement with De Beers – a development that represented "a...
Lucara upbeat on stabilised diamond market
LUCARA Diamond Corp. CEO William Lamb took an upbeat view of the diamond market saying it had probably bottomed out in the fourth quarter...
Hefty De Beers write-down takes Anglo into headline loss
A $2.9BN write-down of De Beers took parent company Anglo American into a $3.1bn headline earnings loss for the 12 months ended December.
Anglo CEO...