NUM says Petra Diamonds to cut 150 jobs at cash negative...
PETRA Diamonds was planning to cut 150 jobs at its Koffiefontein mine in South Africa's Free State, according to statement by the National Union...
Gemfields “firing on all cylinders”, says Gilbertson after unveiling maiden dividend
FINALLY, the long-suffering shareholders in Gemfields are starting to see a return on their investments after some 15 years in the wilderness since the...
Gem Diamond CEO Clifford Elphick mystified by “grossly undervalued” share price
GEM Diamonds is to launch a share buy-back programme to supplement dividends because the company was "grossly undervalued", said CEO Clifford Elphick.
"It's unacceptable to...
De Beers says security of supply chain a critical precursor to...
DE BEERS expects to report progress in discussions with the Angolan government this year regarding a potential investment in the southern African country's diamond...
De Beers reports strong surge in rough diamond sales for second...
DE BEERS said its rough diamond sales totalled an estimated $650m for the second cycle (sight) which compares to $550m in sales for the...
Lucapa Diamond Co. continues debt repayment progress
LUCAPA Diamond Company made further in-roads into its debt pile after it repaid A$10.5m to New Azilian, a company associated with the firm's non-executive...
Lucara Diamond’s Thomas hails best market “in the better part of...
LUCARA Diamond Corporation said revenue from diamond sales, excluding exceptional stones will be as much as $225m at the upper end of its estimates...
A long predicted supply squeeze has finally dawned over world’s diamond...
THE diamond market had seen a structural change where the "long-predicted supply squeeze is being reflected over all the diamond categories", according to Petra...
Okavanga Diamond Company sells record rough diamonds in 2021
OKAVANGO Diamond Company (ODC), Botswana's state-run diamond trader, posted record revenue last year after sales increased five-fold on a recovery in US imports, said...
Petra’s $387m in lifex projects underlines turnaround of once stricken diamond...
STRUGGLING diamond miner Petra Diamonds has turned the corner according to CEO Richard Duffy after the group reported interim results for the six months...