Diamonds

One mighty share issue saved Petra Diamonds. Now CEO Richard Duffy...

WITH the loan restructuring completed - which reduces Petra’s debt to manageable levels -  and a sustainable recovery hopefully underway in the global diamond...

Direct to the jeweller: diamond miners are bypassing the traditional sites

A DIAMOND may be forever, but the routes that the gems take from the mine to consumers are not set in stone. The traditional site...

De Beers posts $515m in seventh cycle sales as diamond market...

DE Beers reported seventh cycle rough diamond sales of $515m in line with the previous sixth cycle sales which totalled $514m. Compared to the seventh...

Botswana Diamonds buys mothballed Ghaghoo mine from Gem for a knock-down...

London-listed Botswana Diamonds (BOD) has bought Gem Diamonds’ Ghaghoo mine in central Botswana for $4m in cash through a joint venture deal with partner...

Lucara kept waiting on third party supply to Clara while diamond...

THE second half of Lucara Diamond Corporation's financial year ought to be an interesting watch, especially on the sales front for two reasons. First is...

Diamonds are back but industry optimists forget consumers are always changing

GIVEN the choice and the money, which would you prefer: a holiday in the south of France or a new diamond? In the grip of...

Lucara Diamond forecasts $120m spend in 2021 on fully funded Karowe...

LUCARA Diamond Corporation will spend $120m this year on the underground extension of its Karowe mine in Botswana after raising project capital 4% to...

De Beers’ $510m sixth cycle sales continues Anglo’s diamond recovery theme...

DE BEERS reported sixth cycle rough diamond sales of $510m, a seven percent increase on the confirmed sales of $477m in the previous cycle. Rough...

Petra looks to better times as 2021 sales rise 38%, prepares...

PETRA Diamonds said revenue increased 38% to $406.9m for the year ended June 30 despite mining fewer stones from its South African operations. It mined...

Petra sells blue diamond for $40m as market recovery confirmed with...

PETRA Diamonds sold a large stone discovered at its Cullinan mine for $40m, the company announced on Monday. The stone - a 39.34 carat blue...