De Beers signs five year wage deal with NUM
DE BEERS on Thursday announced a five year wage deal with the National Union of Mineworkers (NUM) for employees at its Venetia Mine and...
Are diamonds for Anglo? De Beers’ slump raises questions
IN 2022, Petra Diamonds CEO Richard Duffy said the market for diamonds was undergoing a positive "structural change". It was not a "bubble or a...
Petra defers $65m in capex at SA mines as diamond inventories...
PETRA Diamonds is to defer $65m of its capital extension programmes at the Cullinan and Finsch mines with immediate effect but will not spell...
Petra sales fall as diamond market continues to falter
PETRA Diamonds continued to suffer the effects of declining market prices reporting second tender sales of $40.9m – 49% lower than the first tender sales...
De Beers suspends online tenders as diamond sales fall to $200m
DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season.
The Anglo American-controlled firm also...
De Beers concludes diamond agreement with Botswana Govt.
DE Beers and Botswana's government finalised a new diamond sales agreement including a new 10-year sales agreement, said Bloomberg News citing an announcement on...
Petra Diamonds keeps faith in diamond market deficit as production ramps...
The question hanging over Petra Diamonds’ plans to ramp up output by 1.3 million carats over the next three years is whether this production...
De Beers rough diamond sales fall 42% for seventh cycle
DE Beers reported a 42% decline in rough diamond sales for its latest cycle of the year which it put down to macroeconomic and...
De Beers expects shareholder support for ‘hugely accretive’ deal
DIAMOND contracts are not, it seems, forever — unfortunately for De Beers. By the time the Anglo American firm brings a new marketing deal...
Petra says demand “more muted’ than expected in first tender of...
PETRA Diamonds said rough diamond sales from the first tender of its 2024 financial year were "more muted" than expected.
The UK-listed firm sold 696,194...