De Beers warns diamond price recovery to take “some time”
A RECOVERY in the diamond market would "take time", said Al Cook, CEO of De Beers which on Wednesday announced first cycle sales of...
Cautious Duffy tight-lipped Petra’s capital growth plans
PETRA Diamonds remained "on track" to meet its production guidance of 2.9 million carats to 3.2m carats for the year to end-June 2024, but...
Diamond imports on the rise in December as mid-stream restocks
INDIA'S rough diamond imports more than tripled in December suggesting a turn in fortunes for the embattled sector.
Morgan Stanley said in a report on...
De Beers to spend $1bn on Jwaneng expansion
DE Beers will go ahead with a planned $1bn investment to extend the life of its flagship Jwaneng mine in Botswana, said Reuters citing...
Lucara brings Karowe expansion back from brink with new debt deal
LUCARA Diamond said on Wednesday it had secured finance for the completion of the $683m underground expansion of its Karowe diamond mine in Botswana.
This...
Petra says buyer may save SA’s historic Koffiefontein mine
THE historic Koffiefontein diamond mine in South Africa's Free State province could be granted a new lease on life after owner, the UK-listed Petra...
Petra increases credit facility to counter ‘lower-for-longer’ market
PETRA Diamonds has increased its revolving credit facility by R750m to a total of R1.75bn in preparation for a "weaker-for-longer diamond" market, the company...
Lucapa ices Merlin feasibility study as diamond market bites
LUCAPA Diamonds has iced its Merlin feasibility study owing to a decline in diamond prices, saying that it was weighing low cost alternatives.
The project,...
GEM ends haulage contract with Lesotho prime minister’s company
GEM Diamonds has chosen to end a long-standing contract with a load and haul company serving its Letšeng mine in Lesotho after the supplier's...
De Beers’ sales fall to $80m as diamond miner waits on...
ROUGH diamond sales shrank to $80m for De Beers' penultimate sales cycle for 2023 as the Anglo American company limited supply in response to...