Petra Diamonds begins recovery amid fragile market as Covid-19 resurgence poses...
THE diamond market was showing signs of recovery, but risks abounded as a resurgence in Covid-19 disease rippled through Europe and elsewhere, said Petra...
Petra Diamonds to hand 91% of company to note holders after...
PETRA Diamonds is to convert about half of outstanding loan note debt to shares which will hand some 91% of the firm’s enlarged share...
De Beers registers 40% leap in diamond sales as uncut gem...
DE Beers registered diamond sales totalling $467m for its eighth sight - a 40% increase over the confirmed seventh sight sales - in a...
Lucapa Diamond re-opens Mothae mine after six month Covid-19 induced hiatus
LUCAPA Diamond Company has re-opened Mothae mine in Lesotho after a six month Covid-19 induced hiatus, the company said on Thursday.
The mine will be...
Petra Diamonds averts NUM strike with one-year, above-inflation wage deal
PETRA Diamonds confirmed it had concluded a one-year wage agreement with the National Union of Mineworkers (NUM) which said last week it was preparing...
Soros Foundation said to have instigated failed legal case against Steinmetz...
Updated to include comment from Reuters that it stands by its reporter's coverage.
THE High Court in Sierra Leone has kicked out the case against...
De Beers cuts prices for smaller stones as signs of market...
DE BEERS cut its prices for smaller diamonds in an effort to draw more customers back into the sector, said Bloomberg News.
Citing market sources, the...
Jobs reduction a possibility for De Beers as Anglo firm continues...
THE onset of the Covid-19 pandemic accelerated De Beers' plans to transform - a process that was "ongoing", the group said today.
"The wide-ranging effects...
Petra Diamonds says restructure may result “in significant level of equity...
PETRA Diamonds today raised the possibility of significant dilution for equity holders in order to climb out of the liquidity crisis engulfing the company.
The...
De Beers warns of slow market recovery as moves to flexible,...
DE BEERS warned it would "take some time" for the diamond market to return to pre-Covid-19 levels, but a recovery in rough diamond demand...