Rockwell sells Remhoogte and Saxendrift for R45m
ROCKWELL Diamonds has pressed ahead with its restructuring programme announcing today it had signed an agreement to sell its Remhoogte and Saxendrift mines to...
Gemfields secures $65m for output lifts at Kagem, MRM
GEMFIELDS, the £198m coloured gemstone mining and marketing firm, has raised debt of $65m which it will use to double production from its ruby...
Burden of compliance hurting juniors: Petra’s Dippenaar
PETRA Diamonds CEO, Johan Dippenaar, said it would be "very difficult" to develop a junior mining firm like his in the current regulatory environment...
Diamond market may grow by up to 10% for two years
DE Beers last month said it had sold $485m worth of diamonds in its eighth sight, where it meets with pre-approved buyers of its...
Firestone’s Lesotho diamond mine about to start production
Firestone Diamonds should start production at its Liqhobong diamond mine in Lesotho during the fourth quarter of 2016 after bringing it into operation with...
De Beers sacrifices 7.5% of sales for 10-year Namibia deal
THE newly signed 10-year marketing agreement between De Beers and Namibia removed uncertainty for the Anglo American diamond producer but it ran the risk...
Lucara fields inquiries “every week” for 1,111 carat Lesedi gem
LUCARA Diamond Corporation was receiving two to three inquiries per week from people interested in buying Lesedi La Rona (Our Light), a 1,111 carat...
State Diamond Trader under attack
The State Diamond Trader is fundamentally flawed and its operating model should be reviewed or the entity abolished according the Democratic Alliance.
De Beers rough diamond sales total $660m in third cycle
DE BEERS' rough diamond sales totalled $660m in the third cycle of 2016 reflecting a "reasonably positive trend", said Philippe Mellier, CEO of the...
Johann Rupert goes diamond mining
Johann Rupert has emerged as the financial backer of the Superkolong consortium, which holds the right to mine the diamond-bearing dumps at De Beers' former Jagersfontein mine.