De Beers slashes rough diamond output for 2025
DE Beers on Thursday slashed production guidance by as much as 40% to between 20 million to 23 million carats for the 2025 financial...
De Beers confirms Botswana sales deal finalised
DE BEERS confirmed on Monday it had finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences...
Hope for Gemfields as emerald duty “may be revoked”
GEMFIELDS Group said it could resume exports of emeralds from Zambia as a duty on gemstones re-imposed by the southern African country in January...
Zambia’s debt cover fears may be behind gemstones tax hike
GRIZZLY by name, grisly by nature. Senegalese-owned family business Grizzly Mining flooded the Zambian emerald market to such an extent last year that it...
Petra to finally sever link with problematic Williamson mine
PETRA Diamonds said on Wednesday it was to sell its remaining shares in Williamson mine in Tanzania for $16m although the deal comes with...
Petra won’t make “silly decisions” in new cost cutting round
PETRA Diamonds would not make "silly decisions" regarding a new cost cutting programme warning of the "fatigue" on labour where jobs were shed in...
Gemfields to meet Govt. in bid to save hundreds of jobs
FAILURE to extract a change of heart from the Zambian government this week over a controversial export duty on emeralds could result in hundreds...
Gemfields hit by shock 15% export duty on Zambian emeralds
ZAMBIA has imposed a shock 15% export duty on precious gemstones adding further pressure on Gemfields which operates the country's Kagem emerald mine.
Sean Gilbertson,...
Diamond sales boost would do Anglo power of good
EARLY anecdotal evidence points to a “pleasing” improvement in polished diamond sales since Thanksgiving in the US. This will come as a boost for...
Petra defers refinancing as diamond prices slide yet again
PETRA Diamonds has embarked on a fresh round of restructuring at its South African mines and has deferred a refinancing plan to this year.
This...