Diamond industry urges reform of Kimberley Process
THE diamond industry will meet in Dubai next week to debate whether the Kimberley Process, created to stop trade in blood diamonds, can be...
Botswana working on majority stake in De Beers
BOTSWANA is taking steps to buy a majority stake in De Beers following Angola's rival bid for the diamond producer, said Reuters citing the...
De Beers cuts into stockpile as sale enters critical stage
DE Beers sold more diamonds at discount in the third quarter as it sought to further reduce a stockpile estimated to have topped $2bn...
Angola bids for Anglo American’s De Beers stake
ANGOLA has submitted an offer to acquire Anglo American's majority stake in De Beers, joining a growing list of potential suitors that includes neighbouring...
Lab-grown diamond market bubble has burst
OVER supply and plummeting prices have undermined consumer confidence in lab-grown diamonds, prompting a shift back towards natural stones, said Reuters citing the comments...
Moody’s downgrades Botswana amid diamond slump
MOODY'S has downgraded Botswana's credit rating to Baa1 from A3, highlighting the government's struggle to adapt to a sustained decline in the diamond sector...
Petra Diamonds launches $25m rights offer
PETRA Diamonds today launched its previously announced £18.8m ($25m) rights offer which forms a key part of steps aimed at keeping the company afloat...
Anglo makes Botswana key to finalising De Beers sale
ANGLO American CEO Duncan Wanblad said on Thursday Botswana's government would be brought into negotiations with one or two short-listed bidders for De Beers...
Selling De Beers presents Anglo with some tricky politics
THE sale of De Beers was always going to be the hardest part of Anglo American's restructuring, first announced in May 2024, not least...
Botswana runs surprise ad-hoc diamond auction
BOTSWANA has launched an unprecedented ad-hoc diamond auction in an effort to raise revenue as the southern African nation grapples with a slump in...