Anglo knocked as key De Beers bidder pulls interest
ANGLO American’s auction of its storied diamond division De Beers has turned out to be a bit of a dog show, with many of...
De Beers to halt Venetia mine for two years
DE BEERS plans to suspend production at its Venetia mine in South Africa for two years, as the diamond producer battles one of the...
Gemfields shares hit record low after CEO exit
SHARES in Gemfields, the JSE-listed coloured-gemstone producer, sank to an all-time low this week, deepening investor unease about the company's turnaround prospects following the...
Amid the gloom, De Beers sees glimmer of hope
SHOPPING for platinum jewellery, especially of the bridal variety, has become more expensive in the past year thanks to the 35% improvement in the...
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...