Trans Hex ‘tying loose ends’ in Namaqua deal
Trans Hex says it is still finalising certain aspects of its proposed takeover of De Beers' Namaqualand Mines.
De Beers appoints new CFO
De Beers has announced the appointment of Gareth Mostyn as the company's chief financial officer.
Angola to boost diamond output in 2012
Angola's state-owned diamond firm Endiama expects to increase production this year after posting revenue growth in 2011, reports state news agency Angop.
Zungu committed to Rockwell, deal imminent
Rockwell Diamonds and Sandile Zungu's African Vanguard Resources are close to finalising a restructuring of their business relationship.
Anglo shareholders back De Beers deal
Shareholders in Anglo American have approved the global miner's $5.1bn acquisition of an additional 40% stake in De Beers.
Petra’s blue diamond fetches record price
Petra Diamonds says it has sold a blue diamond mined in SA for a record $300 000 a carat.
BHP sells Chidliak diamond stake
BHP Billiton will sell its majority stake in the Chidliak exploration project in northern Canada to partner Peregrine Diamonds, less than a month after announcing a review of its diamond assets.
Global Witness exits ‘blood diamond’ scheme
Campaign group Global Witness has pulled out of the Kimberley Process, calling the scheme outdated and a failure, almost nine years after its launch.
Diamond demand to outpace supply to 2020
Chinese and Indian appetite for diamonds will fuel demand growth of more than 6% a year over the next decade, far outpacing supply increases, says Bain & Company.
Tiffany sales growth shows signs of slowing
Concerns about slowing sales momentum took some of the luster off Tiffany & Co's stock amid signs that European and US economic distress are weighing on luxury consumers.