Diamonds

Debmarine Namibia sanctions new $468m vessel, lifting diamond output a third...

DEBMARINE Namibia today sanctioned capital expenditure totalling $468m which will be put to the construction of an offshore diamond vessel capable of taking production...

Petra’s Duffy hails quality of Cullinan after ‘Legacy’ diamond sold for...

PETRA Diamonds has sold its 425-carat 'Legacy of the Cullinan Diamond Mine' diamond to Stargems Group in partnership with Choron Group for $15m. "This is...

GEM Diamonds sells pink diamond for record per carat as Letšeng...

GEM Diamonds posted attributable net cash of $7.9m at the close of its first quarter in which it sold a 13.33 carat pink diamond...

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...

Petra wins covenant relaxation from lenders in vote for cash flow...

LENDERS agreed to adjust covenant terms for debt provided to Petra Diamonds, a development largely anticipated but which newly appointed CEO, Richard Duffy, described...

Petra Diamonds sustains feel-good factor with another high-value gem recovery

PETRA Diamonds added another high value diamond to its recent string of finds following the discovery of a 209.9 carat D colour type gem...

Analysts take a shine to Petra on hope positive cash flow...

ANALYSTS took a shine to Petra Diamonds' third quarter trading update published earlier this week where the focus fell on the impact of two...

Gemfields to pay $24.7m special dividend as exit from Jupiter Mines...

GEMFIELDS is to pay a special dividend to shareholders of $24.7m after saying it would divest of its remaining shares in Jupiter Mines, a...

De Beers diamond sales moving to “more normalised” position in 2019

THIRD cycle diamond sales for Anglo American-controlled De Beers totalled $575m, just over $25m more than at the equivalent  the group said in an announcement...

Lucapa Diamond refinances Mothae debt in R100m deal with shareholder

LUCAPA Diamond Company sought to ease the pressure on its balance sheet after agreeing loan terms with an entity owned by non-executive director and...