Dip in De Beers’ ninth cycle sales no surprise given US...
ROUGH diamond sales declined $58m for the ninth cycle, according to provisional numbers announced today by De Beers, the Anglo American controlled mining and marketing...
Lucara’s Thomas quits as CEO as firm seeks way out of...
EIRA Thomas has stepped down as CEO of Lucara Diamond Corp., the Toronto-listed miner, the company announced today.
Her resignation comes amid high distress for...
ETFs in diamonds backed as a necessary step change
AFTER missed copper production guidance last year, the next most criticised aspect of Anglo American’s performance for the 12 months ended December was its...
De Beers merges Canadian, SA mining businesses following asset sales
DE Beers, the diamond producer and marketer in which Anglo American has an 85% stake, is to merge its Canadian and South African mining...
Firestone Diamonds wins waivers from ABSA related to $82.4m debt
FIRESTONE Diamonds has been granted a waiver for certain of its debt-related covenants as it heads into a new financial year that was expected...
De Beers price cut may imply improvement in diamond market around...
DE Beers' cut diamond prices 5% for its November sales cycle - a sign that the market might be about to improve, said Bloomberg...
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...
De Beers to overhaul business after Covid-19 throws spotlight on fundamental...
DE BEERS intends to overhaul its entire business in order to safeguard its short-term prospects - a development that may involve jobs cuts, said...
Petra Diamonds investigates allegations artisanal miners shot on Williamson mine
PETRA Diamonds is investigating allegations artisanal miners who trespassed on the firm's Williamson mine in Tanzania were detained, beaten and shot at, killing at...
Petra gives mind to Williamson reopening after diamond prices restore business...
DIAMOND prices had improved sufficiently to support the reopening of the Williamson mine in Tanzania, said Jacques Breytenbach, CFO of Petra Diamonds which operates...