Petra, a diamond miner hit twice by the illegal mining scourge
LONDON-listed Petra Diamonds provides a good example of what can happen to a mining company when it gets hit by widespread illegal mining on...
After nearly going bust, the future couldn’t look any brighter for...
WHEN three of South Africa's wealthiest families engage in some discreet business dealings, it's perhaps worth taking a second look. In September last year,...
How diamonds will enable Anglo to make a market for Woodsmith...
ANGLO American's experience marketing diamonds through its decades-long association with De Beers would be invaluable as it seeks to make a market for Woodsmith,...
De Beers warns of Diwali disruption to “next few cycles” after...
DE BEERS said today rough diamond sales for the seventh cycle totalled $630m, an improvement on the $522m in sales for the same period...
GEM Diamonds lifts Letšeng’s cost guidance for 2022 owing to supply...
GEM Diamonds said in a trading update for the first six months of its financial year ended June that it would meet the lower...
Angola eyes becoming one of the world’s largest diamond producers in...
ANGOLA, long viewed as "elephant country" by geologists searching for major diamond strikes, is finally getting the exploration attention it deserves after a radical...
Lucara starts shaft-sinking at $547m project to extend the life...
Toronto-listed Lucara Diamond Corporation (Lucara) generated US$120.5m in diamond sales from its Karowe mine in Botswana during the six months to end-June and has...
De Beers CEO says diamond industry “watchful of macroeconomic challenges”
PROVISIONAL rough diamond sales fell 4.1% to $630m for De Beers' sixth sales cycle compared to the previous cycle this year.
On a year on year...
Petra to post strong free cash in 2022 following resurgence in...
A 41.5% improvement in rough diamond prices drove Petra Diamond's revenue to $584.1m for the year ended June and helped transform the once stricken...
Gemfields racks up $95.6m at ruby auction
GEMFIELDS reported ruby sales of $95.6m (R1.53bn) at a recent auction this month which was twice the value of an action held at the...