UK urges Zimbabwe to comply with Kimberley
British officials have urged Zimbabwe to comply with global diamond trade regulations and say most of the finest stones are being smuggled out of its rich Marange fields.
De Beers posts lower seventh cycle sales ahead of Diwali holiday
DE BEERS today reported provisional eighth cycle rough diamond sales of $490m which were described by the firm's CEO Bruce Cleaver as "robust".
"As the...
De Beers diamond sales slump in 2019
De Beers ended 2019 on a depressed note with its 10th - and final - diamond sales “sight” for the year realising $425m...
Rockwell sells Remhoogte and Saxendrift for R45m
ROCKWELL Diamonds has pressed ahead with its restructuring programme announcing today it had signed an agreement to sell its Remhoogte and Saxendrift mines to...
Lucara Diamond to put “pin in the wall” on Karowe capital...
LUCARA Diamond Corp. would finalise its spending plans for the underground expansion of its Karowe mine in Botswana by the end of August, said...
Despite price cuts, De Beers is forecast for second half sales...
DE Beers would experience a rebound in fortunes for the second half of its financial year with sales reaching $1.6bn, according to analysts at...
Study finds laboratory diamonds more carbon intensive than mined gems
MAN-made or laboratory diamonds had a larger carbon footprint than naturally mined diamonds, according to Reuters citing a study by an association representing the...
De Beers reports uptick in first sales cycle to $545m on...
DE Beers' diamond sales for the first sight or sales cycle of 2020 indicated the market may have stabilised, and could even be improving.
Sales...
Botswana reshapes the diamond business
Botswana is staking its claim to be the world's most important diamond centre through a radical overhaul of its relationship with De Beers.
Petra led into full-year loss after it writes down assets $247m...
PETRA Diamonds said its South African lenders remained onside despite weak diamond prices which led the company into a $258.1m net loss for the...