Petra to finally sever link with problematic Williamson mine
PETRA Diamonds said on Wednesday it was to sell its remaining shares in Williamson mine in Tanzania for $16m although the deal comes with...
Petra won’t make “silly decisions” in new cost cutting round
PETRA Diamonds would not make "silly decisions" regarding a new cost cutting programme warning of the "fatigue" on labour where jobs were shed in...
Gemfields to meet Govt. in bid to save hundreds of jobs
FAILURE to extract a change of heart from the Zambian government this week over a controversial export duty on emeralds could result in hundreds...
Gemfields hit by shock 15% export duty on Zambian emeralds
ZAMBIA has imposed a shock 15% export duty on precious gemstones adding further pressure on Gemfields which operates the country's Kagem emerald mine.
Sean Gilbertson,...
Diamond sales boost would do Anglo power of good
EARLY anecdotal evidence points to a “pleasing” improvement in polished diamond sales since Thanksgiving in the US. This will come as a boost for...
Petra defers refinancing as diamond prices slide yet again
PETRA Diamonds has embarked on a fresh round of restructuring at its South African mines and has deferred a refinancing plan to this year.
This...
Marketing focus to be feature of independent De Beers
DE Beers has amassed a stockpile of diamonds worth $2bn – the largest since the 2008 world financial crisis – following a period of...
Lucara to spend $115m in 2025 completing Karowe shaft
LUCARA Diamond Corp. forecast capital spend of $115m in 2025 in order to complete construction of the Karowe underground expansion.
The focus will fall on...
Gem hopes Botswana Govt will halt “inappropriate” diamond sales
THE surprise election in November of Botswana President Duma Boko could result in "inappropriate sales" of diamonds from "a major competitor" being stopped in...
Lucapa CEO Nick Selby announces decision to step down
LUCAPA Diamond Company said it had appointed head of operations Alex Kidman as CEO and MD after Nick Selby announced his intention to step...