Diamonds

Gemfields invites offers for stake in forgotten child of SA’s PGMs,...

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GEMFIELDS is to press ahead with the sale of its stake in Sedibelo Platinum Mines (SPM), once considered a valuable leg in the tripod...

GEM Diamonds posts fall in Q1 revenue on lower carat sales,...

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GEM Diamonds reported a 7% decline in first quarter revenue year-on-year which came in at $43.9m owing to a decline in carats sold during...

De Beers believes positive 2021 diamond market conditions will continue

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Rough diamond sales by De Beers for the tenth - and final - sales cycle of 2021 were 26.5% down on the comparable cycle...

How diamonds will enable Anglo to make a market for Woodsmith...

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ANGLO American's experience marketing diamonds through its decades-long association with De Beers would be invaluable as it seeks to make a market for Woodsmith,...

GEM Diamonds shares fall to lowest level in a year after...

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INTERRUPTIONS at the Letšeng mine in Lesotho combined with weaker average prices for its diamonds and inflation weighed heavily on UK-listed miner GEM Diamonds. It...

De Beers’ sales fall to $80m as diamond miner waits on...

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ROUGH diamond sales shrank to $80m for De Beers' penultimate sales cycle for 2023 as the Anglo American company limited supply in response to...

Petra’s Dippenaar plays down Tanzania risk despite $14m VAT backlog

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THE $800,000 Petra Diamonds had received in VAT refunds from the Tanzanian government was the tip of the iceberg as $14m was still outstanding,...

De Beers pleased with US directive on marketing laboratory-grown diamonds

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DE Beers, the diamond miner and marketer 85%-owned by Anglo American, said it was pleased with a notice issued by US Federal Trade Commission asking...

Petra led into full-year loss after it writes down assets $247m...

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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 Diamonds halts mining as SA’s Eskom takes load-shedding to unprecedented...

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IN what may be a tip of the iceberg for South Africa's mining sector, Petra Diamonds said it had stopped mining at its Cullinan,...