Diamonds

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.

De Beers upbeat on consumer demand

The all-important consumer side of the diamond business came back to life during 2010, according to De Beers, which predicts rising retail demand for diamonds this year.

Trans Hex tender sale nets R141m

Trans Hex reports on its most recent sales figures.

How Petra got to outshine them all

Over the past two years Petra has coped with the dramatic boom and bust cycle in the diamond business far better than its more highly touted competitors.

BRC Diamondcore, Rio in DRC venture

BRC DiamondCore says it has entered into a JV agreement with Rio Tinto for a new exploration program in northern Democratic Republic of Congo.

Flooding halts Rockwell production

Rockwell Diamonds says its alluvial mining operations in the Northern Cape have been affected by the recent heavy rainfall and subsequent flooding.

Petra buys Finsch for R1.4bn

Petra Diamonds has bought the Finsch mine from De Beers which will boost the company into the world diamond mining big league producing nearly 3m carats annually.

Gem gets Gope mining licence

Gem Diamonds has been awarded a mining licence for the Gope deposit in Botswana's Central Kalahari region and aims to start production in 2013.

Rockwell revenue rockets by 44pct

A strong recovery in diamond prices has boosted quarterly sales of the Canadian-based Rockwell Diamonds.

Rockwell needs yet more funds

Rockwell shareholders are unlikely to take kindly to the news that the junior diamond producer needs to find up to another C$9.3m barely a year after it raised C$17m.