Diamonds

Lucapa Diamond discussing debt restructure after lockdown threatens to trigger default...

LUCAPA Diamond Company is to suspend production at its Mothae mine in Lesotho as procurement of supplies and equipment would be affected by the...

Gemfields unable to convene gemstone auction owing to COVID-19 travel ban

GEMFIELDS, the coloured gemstone mining and marketing firm, could not provide a forecast for its financial performance in the current financial year as COVID-19...

GEM replaces large diamond tender with “flexible system” after small goods...

GEM Diamonds said it had replaced a tender for its large diamonds with a "flexible direct sale process" in mitigation of travel bans on...

De Beers looking at contingency plans after diamond buyers face Botswana...

DE BEERS intended to press ahead with its next round of diamond sales planned for March 30 despite buyers being prevented from inspecting the...

GEM Diamonds’ Elphick fears COVID-19 might put dampener on diamond tender

PRICES at an upcoming diamond tender might be negatively affected by COVID-19 virus pandemic anxieties and interrupt a much-needed recovery in the market, said GEM...

Lucapa to raise A$6.7m in rights issue, share placement to find...

LUCAPA Diamond Company plans to raise about A$6.7m in order to fund exploration of its Lulo deposit in Angola. The funds will be raised through...

De Beers unveils re-think of sales strategy to diamond buyers at...

DE BEERS has outlined changes to its rough diamond sales process in which it will target sightholders that are best positioned to deliver the...

Firestone Diamonds to delist as continues fight for survival following power...

FIRESTONE Diamonds was in survival mode in which it would delist and reduce the size of its board in order to slash costs. This was...

Artisanal mining violence flares again at Gemfields’ Montepuez ruby mine in...

SOCIAL conditions at Gemfields' Mozambique ruby mine, Montepuez, deteriorated further over the weekend after artisanal miners damaged mine property and attacked employees. Citing the company,...

Lucara optimistic on direction of diamond market, but waits for further...

LUCARA Diamond CEO, Eira Thomas, said she was optimistic on the direction of the diamond market, but stopped short of saying whether improved pricing...