Diamonds

Angola eyes becoming one of the world’s largest diamond producers in...

ANGOLA, long viewed as "elephant country" by geologists searching for major diamond strikes, is finally getting the exploration attention it deserves after a radical...

Lucara starts shaft-sinking at $547m project to extend the life...

Toronto-listed Lucara Diamond Corporation (Lucara) generated US$120.5m in diamond sales from its Karowe mine in Botswana during the six months to end-June and has...

De Beers CEO says diamond industry “watchful of macroeconomic challenges”

PROVISIONAL rough diamond sales fell 4.1% to $630m for De Beers' sixth sales cycle compared to the previous cycle this year. On a year on year...

Petra to post strong free cash in 2022 following resurgence in...

A 41.5% improvement in rough diamond prices drove Petra Diamond's revenue to $584.1m for the year ended June and helped transform the once stricken...

Gemfields racks up $95.6m at ruby auction

GEMFIELDS reported ruby sales of $95.6m (R1.53bn) at a recent auction this month which was twice the value of an action held at the...

Gemfields reports insurgency 65km from Montepuez ruby mine in Mozambique.

GEMFIELDS said today renewed violence by 'insurgents' in Mozambique were closer to the operations of its 75%-owned Montepuez Ruby Mining (MRM) than in previous...

De Beers may have gained market share amid US-led sanctions on...

ANGLO American's 85% owned diamond subsidiary, De Beers reported provisional sales for its fourth cycle of $604m, nearly 7% higher than the previous cycle,...

Petra Diamonds seeks buyer for lossmaking Koffiefontein or will shut mine...

PETRA Diamonds will exit its investment in its Koffiefontein mine either through a trade sale or by exhausting the mine's mineral resources which in...

Gem extends Ghaghoo mine purchase deadline as Botswana Diamonds battles to...

Gem Diamonds has granted an extension over the sale of its mothballed Ghagoo mine in central Botswana as the potential buyers - Okwa Diamonds...

De Beers stands out as the exception to a rough start...

Anglo American experienced tougher-than-expected operating conditions in the quarter to end-March which have resulted in reductions in production guidance for the group’s output of...