Trans Hex to post a loss
Trans Hex shares rose nearly 6% on the JSE today despite the release of a trading statement showing the diamond company would report a loss of R45.1m for the year to end-March.
Boom times coming for rough diamonds
Diamond producers should "prepare to meet thy boom" if the highly positive message from RBC Capital Markets' diamond conference turns out to be correct.
Outsider takes helm at De Beers
De Beers has named industry outsider Philippe Mellier, an executive from French engineering group Alstom, as its new boss.
Johann Rupert goes diamond mining
Johann Rupert has emerged as the financial backer of the Superkolong consortium, which holds the right to mine the diamond-bearing dumps at De Beers' former Jagersfontein mine.
Namibia seeks bigger De Beers marine stake
Namibia's government will pay N$375m to increase its stake in De Beers' offshore operations, reports the Namibian Sun.
James Campbell takes over at Rockwell
African Diamonds ex-MD James Campbell has been appointed the new CEO of Rockwell Diamonds, where he will immediately have to convince investors to plough more money into the company.
IPO unlikely, says Namdeb
An initial public offering for Namdeb Diamond Corp is not on the cards, says the group's financial manager.
DiamondCorp starts mining at Lace
DiamondCorp is mining a 30,000t bulk ore sample from its Lace mine in the Free State, after the new decline shaft intersected the kimberlite pipe at a depth of 260m.
Hurdles may scupper Namaqualand deal
A proposed deal between Trans Hex and De Beers on Namaqualand Mines is subject to some conditions which may prove difficult to meet.
Botswana woos foreign jewellers
Botswana plans to slash red tape to get international jewellery makers to set up shop in the country.