Diamonds

Firestone Diamonds wins waivers from ABSA related to $82.4m debt

FIRESTONE Diamonds has been granted a waiver for certain of its debt-related covenants as it heads into a new financial year that was expected...

Petra lowers diamond output target as hunkers down for year of...

SHARES in Petra Diamonds looked set to at least match the year-to-date low of 16.9 pence after the company unveiled a conservative pre-tax earnings...

Lucapa Diamond targets operational profit in 2019 as Lulo, Mothae track...

LUCAPA Diamond Company (Lucapa) said it was on track to post an operational profit in its 2019 financial year after its Lulo and Mothae...

Lucara’s Thomas heartened after Clara makes impressive debut

SMALLER diamond producers are watching with interest (and a little scepticism) to see whether Lucara Diamond’s recent introduction of a new electronic sales platform, Clara...

GEM finally rids itself of Ghaghoo as Botswana firm buys mothballed...

GEM Diamonds has dispensed with the Botswana misadventure that was its Ghaghoo diamond mine, announcing today it would sell the mine's holding company, Gem...

Nedbank, RMB part of $375m deal with De Beers for world’s...

FIVE African commercial banks have partnered in a $375m financing deal to build a new diamond mining vessel for a subsidiary of Anglo American’s...

Lucara’s Eira Thomas applauds De Beers’ Lightbox as “positive development”

THE launch of the De Beers synthetic diamond brand Lightbox was a positive development for the diamond industry because it demonstrated there was no...

Lucapa to kick off new $3.3m exploration phase at Angola’s Lulo...

LUCAPA Diamond Company said it would spend $3.3m on a new exploration phase at its Lulo mine in Angola over the next 12 months. "The...

Lucapa mulls third diamond tender before half year at Mothae builds...

LUCAPA Diamonds, an Australian-listed company operating in Lesotho, said sales for the 2019 financial year so far totalled $7.3m following a second tender of...

De Beers blames “macroeconomic uncertainty” for heavy slide in fourth cycle...

ROUGH diamond sales fell heavily in the fourth cycle or site of the year, said Anglo American-owned De Beers in an update today. "Cycle four...