Petra Diamonds abandons ‘regular tender cycles’
PETRA Diamonds has abandoned regular diamond tenders in favour of opportunistic sales as the market for unpolished goods continues to struggle.
Commenting in a sales...
Sale of De Beers draws interest from former CEOs: report
ANGLO American's planned sale of De Beers is drawing interest from former CEOs of the diamond mining giant, Bloomberg News reported on Thursday.
The disposal...
Lucapa Diamonds forced into administration as cash dwindles
LUCAPA Diamond's current management has succumbed to years of poor diamond prices announcing on Friday administrators had been appointed to save the company.
KordaMentha Restructuring,...
Petra Diamonds hits all-time low as cash burn continues
PETRA Diamonds is to begin discussions with financiers on refinancing a $273m bond that matures in March next year amid scepticism that the company...
Petra Diamonds concludes exit from Williamson mine
PETRA Diamonds has exited Tanzania's Willliamson (WDL) mine saying on Wednesday an agreement to sell its remaining 31.5% stake had been concluded.
"We would like...
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...