Diamonds

IPO unlikely, says Namdeb

An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.

Hurdles may scupper Namaqualand deal

A proposed deal between Trans Hex and De Beers on Namaqualand Mines is subject to some conditions which may prove difficult to meet.

Botswana woos foreign jewellers

Botswana plans to slash red tape to get international jewellery makers to set up shop in the country.

Outrage as Zim diamonds go on sale

Industry groups and watchdogs have slammed a unilateral decision to allow Zimbabwe to sell diamonds from its disputed Marange fields.

Gem, Lucara in merger talks

Gem Diamonds says it is in talks with Canadian-listed Lucara Diamond Corporation over a possible merger.

Mothae to test diamond market

Lucara Diamond says its subsidiary Mothae Diamonds will be holding its first diamond sale later this month.

Gem to spend $85m on Gope mine

Gem Diamonds has cut the first phase cost of the Gope mine to $85m by going for an underground operation via a decline shaft, instead of developing a traditional open pit mine.

Police pounce on Van Kerrebroeck

The South African Police Force has arrested a 32-year old man - believed to be alleged company hijacker Dennis Van Kerrebroeck - in connection with diamond theft.

Back to reality for Petra

After spending some time in the limelight following the acquisition of Finsch, it is back to basics for Petra Diamonds after it posted a lacklustre interim performance.

Zim to nationalise mines, Chinese firm spared

Zimbabwe will proceed with plans to take majority stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from a state takeover.