Consortinum led by ex-De Beers boss leads race to buy miner
A CONSORTIUM led by Gareth Penny, the former CEO of De Beers, has emerged as the frontrunner to acquire the world's largest diamond miner...
Chinese lab-grown diamonds ride AI wave
LAB-grown diamonds, long synonymous with jewellery, are finding an unexpected second market as cooling components in artificial intelligence semiconductors, driving sharp share price gains...
Petra Diamonds puts Finsch mine into business rescue
THE continuing grim conditions in the global diamond business have claimed another South African victim in the form of Petra Diamond’s Finsch mine in...
Lab-diamond retailers lose UK advertising standards ruling
TWO online jewellery retailers have been barred from using the word "diamond" without qualification in their advertising, said the Financial Times on Wednesday.
This was...
Still no firm date for the divestment of De Beers by...
Anglo American expects to agree the sale of its steelmaking coal business within the next three months but still has not provided a specific...
Angola targets 7% diamond output rise amid price slump
ANGOLA is targeting a 7% increase in diamond production this year, betting that higher volumes will offset a prolonged weakness in global prices, said...
Botswana president visits Oman to advance De Beers bid
BOTSWANA'S President Duma Boko has travelled to Oman to sign cooperation agreements and advance his country's efforts to acquire a controlling stake in diamond...
Rio Tinto exits diamonds after half a century
RIO Tinto has closed its last diamond mine, ending more than 50 years in the business as the world's second-largest miner sharpens its focus...
Diamond industry faces its deepest crisis
THE global diamond industry is in its deepest crisis in modern history, battered by collapsing Chinese demand, the rapid rise of lab-grown stones, US...
A crisis forever? How diamond miners are digging in
THE impending liquidation of Ekapa Mining following a deadly mudslide last month brings the curtain down on roughly 150 years of diamond mining in...