Diamonds

GEM Diamonds says it raised $12.1m from first round of flexible...

GEM Diamonds realised $12.1m in sales from the first round of its newly instituted Letšeng flexible tender process. The flexible tender process was put in...

Petra’s founding chairman, Adonis Pouroulis, steps down from board after 23...

ADONIS Pouroulis today stepped down from the board of Petra Diamonds, a company he founded and led for 23 years. He is succeeded by...

De Beers cancels third diamond sight as COVID-19 travel restrictions hit...

DE BEERS has cancelled its third sight for the 2020 financial year owing to travel restrictions placed on buyers as a result of COVID-19. Anglo...

Petra retains Rothschild & Co to assess “strategic options” as COVID-19...

THESE are unpleasant times for most mining shares, but perhaps more so for Petra Diamonds which has seen plans to climb out of its...

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...