Despite price cuts, De Beers is forecast for second half sales...
DE Beers would experience a rebound in fortunes for the second half of its financial year with sales reaching $1.6bn, according to analysts at...
GEM Diamonds recovers 442 carat diamond – one of largest gems...
GEM Diamonds said it had recovered a 442 carat diamond from its Letšeng mine in Lesotho which it described as one of the largest gem...
Plaintiffs in Sierra Leone diamond mine seek to freeze assets of...
SIERRA Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary...
Lucara Diamond supply deal with HB Group the way forward for...
A DIAMOND marketing agreement between Lucara Diamond Corporation and a single manufacturer that is anticipated to reduce price discounts and smooth cash flow would...
Petra to defer results two months to November owing to Covid-19,...
PETRA Diamonds has delayed the publication of its annual results ended June 30 to November 17 to allow it contend with the challenges posted...
Diamond sector could take two years to recover unless De Beers...
THE diamond market is in a serious hole from which it could take the best part of two years to emerge, according to Goldman...
GEM Diamonds halves net debt as of end-June owing to Covid-19...
GEM Diamonds nearly halved net debt as of end-June as a result of cash preservation and deferment efforts and after fetching a higher average...
De Beers addresses staff on restructuring as Covid-19 accelerates modernisation push
PLANS to restructure De Beers are afoot with the diamond producer's CEO, Bruce Cleaver due to address employees today regarding the proposals.
"Bruce and team are...
Lucapa in diamond marketing talks with Lesotho Govt. in effort to...
LUCAPA Diamond Company has submitted a marketing proposal to the Lesotho government containing off-take provisions in the hope it can restart the firm's Mothae...
De Beers to overhaul business after Covid-19 throws spotlight on fundamental...
DE BEERS intends to overhaul its entire business in order to safeguard its short-term prospects - a development that may involve jobs cuts, said...