Diamonds

De Beers registers $750m in October sight

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De Beers’ marketing arm, the Diamond Trading Company, is estimated to have sold $750m in rough diamonds, the best sight of the year so far.

Carroll takes up De Beers chair

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Cynthia Carroll, CEO of Anglo American, has been appointed chairperson of diamond business De Beers in which the UK-listed group recently extended control to 85%.

Scouting for diamonds in the rough

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Don’t sell your diamond shares. And definitely don’t sell them if you happened upon the irrepressibly enthusiastic reports of meteorites holding trillions of carats.

Anglo completes De Beers transaction

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Anglo American says it has completed the acquisition of the Oppenheimer family’s 40% stake in De Beers.

DTC sales channel not threatened by Botswana shift

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De Beers’ Diamond Trading Company says sightholders will flock to Botswana once sights are held there in about a year’s time, according to group CEO Philippe Mellier.

Trans Hex, De Beers rewrite Namaqualand deal

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De Beers will continue to hold one mining right and the majority of the environmental liability once its transaction with Trans Hex over the sale of Namaqualand Mines is concluded.

Petra to cast net wide for “fissure mine’ buyers

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Johan Dippenaar, Petra Diamonds CEO, says the non-core fissure mines have up to 12 years of life left, with a deal to be finalised within months.

Gem orders capex review as market fades

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Gem Diamonds, the London-listed diamond group operating in Lesotho, said it would reconsider its capital expenditure plans amid weaker prices for diamonds.

Botswana passes on $1.26bn De Beers rights

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Anglo American says its has lifted its stake in De Beers from 40% to 85% after the Botswana government passed on its pre-emptive rights worth $1.26bn.

DiamondCorp loan approved for Free State mine

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DiamondCorp said it hoped to strengthen funding for its Lace mine development following inquiries for offtake from diamond buyers.