DBCM’s Barton tips diamonds to lead recovery
De Beers Consolidated Mines CEO, Phillip Barton, has tipped diamonds to be the first mining product to recover following a slump in prices.
SA diamond rush called off after fortune-seekers disappointed by finding quartz
MINING hopefuls were disappointed to find that the diamonds they had been digging for in KwaZulu-Natal's KwaHlathi were in fact quartz of little economic value.
Reuters...
Lucara Diamond Corp. forecasts diamond sales of up to $220m in...
LUCARA Diamond Corporation forecast diamond revenue of between $185m and $215m for its 2022 financial year excluding high value diamonds that its Karowe diamond...
Petra led into full-year loss after it writes down assets $247m...
PETRA Diamonds said its South African lenders remained onside despite weak diamond prices which led the company into a $258.1m net loss for the...
Petra upbeat on diamond fundamentals
Petra Diamonds says the diamond market may face some choppy waters for the foreseeable future, but that industry fundamentals will continue to support record prices.
Lucara Diamond reprises Louis Vuitton deal with sale of 549 carat...
LUCARA Diamond Corporation is to sell its 549 carat white gem diamond - "Sethunya" (flower: Setswana) - to Louis Vuitton that reprises a polishing...
Anglo’s Cutifani promises changes in diamond sights as De Beers embarks...
ANGLO American CEO, Mark Cutifani, confirmed the group's 85%-owned De Beers was considering an overhaul in the way in which it sold rough diamonds to...
Petra warns of potential diamond production hit owing to underground problems...
PETRA Diamonds is maintaining its production forecast for financial 2022 at 3.1 million to 3.4 million carats from its South African mines despite problems...
Rio Tinto launches $300m Murowa expansion
Rio Tinto is to press ahead with the $300m expansion of the Murowa diamond mine in Zimbabwe amid signs the investment climate had radically improved in that country.
Brown calls time at Firestone Diamonds after tough final year
STUART Brown has called it a day at Firestone Diamonds, the Lesotho-based diamond mining firm, where he has been CEO for five years. He...