Diamond fortunes central to Anglo’s future
Following the $5.1bn purchase of the Oppenheimer family stake in De Beers, the
fortunes of the diamond market has become a priority for Anglo American.
Forevermark: De Beers’ great retail ambition
De Beers' executive Stephen Lussier wants the Forevermark to become a foremost
brand in jewellery - an ambition the group has the market savvy to foster.
China may buy 25% of diamonds in a decade
De Beers CEO, Philip Mellier, believes China could supplant the US as the dominant market for diamonds in 10 to 15 years given its passion for symbols.
Gem to study underground mining at Letseng
Gem Diamonds said it would start a full feasibility into underground mining at its Letseng property in Lesotho if the prospects were good.
De Beers pins hopes on India, China
Improved sales in India and China would assist the diamond market in staging a modest turnaround in fortunes during 2013, De Beers said.
De Beers commits R20bn to Venetia extension
In a much-needed boost to South African mining, De Beers said it would pump R20bn into extending its Venetia diamond mine in the country's Limpopo province.
De Beers bullish on Angola mining prospects
De Beers said it was confident of finding a mine in Angola that would help it recoup the $250m it had spent in exploration there since returning to the country in 2005.
Rockwell “optimistic” on 2013 price growth
Rockwell Diamonds CEO, James Campbell, said an inventory of diamonds would allow the company to capitalise on any improvement in the world diamond market.
De Beers expects price growth in 2013
De Beers CEO, Philippe Mellier, says the diamond company should produce 27 million carats in 2013 which would provide a platform for price growth.
Rockwell to mothball Tirisano amid cash burn
Rockwell Diamonds said it was unable to stem losses at its Ventersdorp alluvial diamond mine, Tirisano, but added funding of its project pipeline remained intact.