Diamonds

De Beers goes back into Angola after the country radically improves...

De Beers is to start diamond exploration in Angola later this year after signing two mineral investment contracts with the Angolan government but the...

Diamond prices continue to soar but Petra CEO warns about ...

Petra Diamonds reported a 43% increase in sales revenues for the nine months to end March as what CEO Richard Duffy described in February...

Gem Diamonds takes 2022 gains to 47% after unveiling share buy-back...

GEM Diamonds confirmed it would run a share buy-back programme, saying today that it would start today and see up to $2m in purchases. Clifford...

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...