Lucara recovers huge 2,492 carat diamond from the Karowe mine
CANADIAN-listed Lucara Diamond has just recovered the largest diamond ever found since the world-famous Cullinan diamond at its Karowe mine in north-eastern Botswana.
Lucara detected...
Botswana Diamonds to use Artificial Intelligence to pinpoint gem deposits
DIAMOND junior explorer Botswana Diamonds (BOD) is to use artificial intelligence (AI) to speed up assessment of the company’s huge mineral database in Botswana...
Lucara Diamond provides some much-needed sparkle
SECOND quarter results from Toronto-listed Lucara Diamonds have at last delivered some good news for the diamond sector after the gloom and doom of...
Petra postpones first diamond tender of 2025 financial year
PETRA Diamonds has postponed the first diamond sales of its 2025 financial year saying its decision was part of an industry-wide effort to impose...
Petra’s plan to avoid mistakes of last diamond market collapse
IN early 2022 Petra Diamonds CEO Richard Duffy declared the time had come for diamonds. After years of waiting, a "long-predicted" supply squeeze in...
De Beers cuts output 3m carats as diamonds forecast to drift
DE Beers has cut its full year production guidance by three million carats to between 23 and 26 million carats (previously 26–29 million carats)...
De Beers to cut output again as diamond prices flatline
ANGLO American said its 85%-owned De Beers may cut diamond production further owing to a deterioration in second quarter market conditions.
"Trading conditions became more...
Petra surprises on net debt but misses on 2024 production
PRODUCTION from Williamson mine in Tanzania and receipt of revenue from a delayed sale enabled Petra Diamonds to cut net debt as of its...
Gloomy outlook for diamonds as prices trough for Petra
THE litany of depressing news for the diamond market has continued with the latest sales figures from Petra Diamonds and a gloomy outlook on...
Petra says independent De Beers will be good for diamonds
THE proposed sale of Anglo American's 85% stake in De Beers would lead to greater market visibility and focus, said Richard Duffy, CEO of...