Namakwa shares plunge on review
Namakwa Diamonds has plunged by 61.3% to 10.5p per share in London on after delivering a radical strategic review, reports the Financial Times.
De Beers SA sees 6.5 mln carats for 2011
De Beers expects its SA business to produce 6.5 million carats in 2011, a million less than 2010 as the effects of mine disposals filter down, says the division's CEO.
Record profits for Gem Diamonds
Gem Diamonds earned record profits in the six months to end-June as prices for the top class diamonds it produces from the Letseng and Ellendale mines went through the roof.
Rockwell plans to up its technical game
Rockwell Diamonds CEO James Campbell is on a mission to improve the company's technical ability for the recovery of diamonds, before embarking on major new expansion projects.
De Beers, Num sign deal to end strike
Diamond producer De Beers has signed a two-year wage deal with the National Union of Mineworkers, ending a 14-day strike.
Diamondcorp’s Lace posts fancy results
The average value of the first diamonds recovered from the initial sampling work at Diamondcorp's Lace mine in the Free State is far higher than expected.
De Beers boasts record sales figures
De Beers has recorded its highest interim sales figures to date, buoyed by strong retail demand from the Indian and Chinese consumer markets.
Letseng delivers for Gem Diamonds
Letseng achieved record average prices for its diamond sales in the first half of 2011, as did Ellendale in Australia for its fancy yellow stones.
De Beers strike starts
The National Union of Mineworkers' members at diamond producer De Beers Consolidated Mines has started a strike after wage talks failed, says a union official.
Rockwell trims fundraising target
Rockwell Diamonds has scaled down its plans to raise C$35.3m in new funds, opting to aim for $20m instead.