De Beers sacrifices 7.5% of sales for 10-year Namibia deal
THE newly signed 10-year marketing agreement between De Beers and Namibia removed uncertainty for the Anglo American diamond producer but it ran the risk...
Petra’s Dippenaar tempers “good feeling” on diamond market
SHARES in Petra Diamonds fell nearly 12% despite CEO Johan Dippenaar's generally bullish appraisal of the diamond market over the medium term and an...
What De Beers thinks of selling granny’s diamonds
FOR decades De Beers sold diamonds on the basis of their eternal and unique appeal. Both these characteristics, however, are being unseated by a...
De Beers rough diamond sales total $660m in third cycle
DE BEERS' rough diamond sales totalled $660m in the third cycle of 2016 reflecting a "reasonably positive trend", said Philippe Mellier, CEO of the...
Kimberley museum ‘enraged’ as miner threatens stone age site
THE McGregor Museum in South Africa's Kimberley has interdicted diamond mining on Canteen Kopje - an internationally famous archaeological site near Barkly West –...
GEM slows Ghaghoo to protect balance sheet
GEM Diamonds said it was on track to pay dividends for 2015 but that it would slow the ramp-up of its Botswana project Ghaghoo until the market revived.
De Beers doubles sales in first sight of 2016
However, Goldman Sachs expressed concerns De Beers was making unfair comparisons while another diamond firm said the market would remain volatile.
Rockwell in fresh round of restructuring
Rockwell Diamonds is to shut its Johannesburg office, send senior management to the Northern Cape operations, and curtail more production.
DBCM’s Barton tips diamonds to lead recovery
De Beers Consolidated Mines CEO, Phillip Barton, has tipped diamonds to be the first mining product to recover following a slump in prices.
Petra wins plaudits but diamond prices worry
Analysts liked Petra Diamonds' deal to buy De Beers Kimberley Mines, but the short term price pressure in rough diamonds continued to be "a headwind".