Diamonds

De Beers sold $300m in rough diamonds last week following 10%...

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DEMAND for rough or uncut diamonds among manufacturers - polishers and cutters - is reviving, partly owing to price cuts announced by De Beers...

Covid-19 may delay signing of new diamond sales deal between De...

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COVID-19 related travel restrictions could result in De Beers failing to renew its sales agreement with joint venture partner, Botswana, before its year-end expiration. Reuters...

Despite price cuts, De Beers is forecast for second half sales...

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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...

GEM Diamonds recovers 442 carat diamond – one of largest gems...

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GEM Diamonds said it had recovered a 442 carat diamond from its Letšeng mine in Lesotho which it described as one of the largest gem...

Plaintiffs in Sierra Leone diamond mine seek to freeze assets of...

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SIERRA Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary...

Lucara Diamond supply deal with HB Group the way forward for...

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A DIAMOND marketing agreement between Lucara Diamond Corporation and a single manufacturer that is anticipated to reduce price discounts and smooth cash flow would...

Petra to defer results two months to November owing to Covid-19,...

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PETRA Diamonds has delayed the publication of its annual results ended June 30 to November 17 to allow it contend with the challenges posted...

Diamond sector could take two years to recover unless De Beers...

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THE diamond market is in a serious hole from which it could take the best part of two years to emerge, according to Goldman...

GEM Diamonds halves net debt as of end-June owing to Covid-19...

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GEM Diamonds nearly halved net debt as of end-June as a result of cash preservation and deferment efforts and after fetching a higher average...

De Beers addresses staff on restructuring as Covid-19 accelerates modernisation push

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PLANS to restructure De Beers are afoot with the diamond producer's CEO, Bruce Cleaver due to address employees today regarding the proposals. "Bruce and team are...