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De Beers plans to stockpile unsold diamonds after the world’s biggest producer responded to plunging prices by allowing its buyers to refuse to purchase all the stones they’re contracted to buy....
Diamond miner Petra Diamonds has named senior independent director Varda Shine as interim chairperson. She will succeed Peter Hill, who has informed the company that he will not offer himself for...
In its second undertaking as the chair of the Kimberley Process (KP), the United Arab Emirates (UAE) has vowed to advance a number of crucial initiatives through to fruition. The KP is a United...
Dual-listed Lucara Diamond Corporation achieved an operating cash cost of $28.62/t of ore processed for the quarter ended September 30, which is well below the expected yearly range of between...
When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer by their host: the option to buy nothing at all. De...
Industry organisation the World Diamond Council (WDC) is “determined” to drive forward the ambition of the Kimberly Process (KP), which aims to foster peace, security and benefit all diamond...
In recognition of the importance of health and safety, diamond miner De Beers Group and investment holding company AfroCentric collaborated with the South African Business Coalition on Health and...
South Africa's mining production decreased by 1.9% year-on-year in September, with diamonds, 'other' metallic minerals and manganese ore having made the largest negative contributions. Diamond...
ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have recovered a 235 ct diamond at their Lulo mine, in Angola. Not only is it the second-largest diamond to be...
The value of rough diamonds sold by De Beers during its ninth sales cycle for this year reached only $80-million, compared with the $200-million sold in the eighth sales cycle. Sales were also...
Botswana is conducting due diligence on HB Antwerp, as the world's top diamond producing country by value seeks to finalise a deal to acquire a 24% shareholding in the Belgian gem trader, President...
In one of the world’s most unequal nations an acute shortage of skilled workers is restraining already tepid growth, limiting job creation and pushing some foreign investors to think about moving...
Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris asking him to stop supplying them...
Diamond mining company De Beers has signed a five-year wage agreement with the National Union of Mineworkers (NUM) following months of negotiations facilitated by the Commission for Conciliation,...
Australian junior Gibb River Diamonds has hailed the release of a maiden inferred resource for its E9 Main Lights stockpile as a significant milestone that provides evidence of the potential for...
London-listed Gem Diamonds achieved an 18% quarter-on-quarter increase in production for the quarter ended September 30, with 26 913 ct recovered. The company, which owns and operates the Letšeng...
London-listed Petra Diamonds, which owns and operates the Cullinan, Finsch and Koffiefontein mines, in South Africa, and the Williamson mine, in Tanzania, is taking steps to provide further...
ASX-listed Lucapa Diamond Company has announced the recovery of a 208 ct Type IIa diamond from the Lulo alluvial mining operations, in Angola. The diamond is the third-largest to be recovered from...
Sales of rough diamonds at Debswana Diamond Company fell 21% in the nine months up to September, Botswana's central bank data on Tuesday showed, as demand for gems slowed amid global economic...
Despite a softer market for rough diamonds, product from the Ekati mine, in Canada, continue to generate strong buyer interest and high sell-through rates, new owner Burgundy Diamond Mines...
The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of...
The winners of the twenty-fourth yearly PlatAfrica Jewellery Design and Manufacturing Competition were announced during a gala awards ceremony held in Melrose, Johannesburg, on October 27. Hosted...
Canadian diamond miner Stornoway on Friday announced the suspension of operations at its Renard mine, in Quebec, and said it had started a process of restructuring. The company explained that the...
ASX-listed Newfield Resources is offering eligible shareholders the opportunity to participate in a pro rata non-renounceable entitlement offer of up to about 117.6-million fully paid ordinary...
The copper production of diversified mining company Anglo American increased by 42% in the third quarter owing to the ramping up of the new Quellaveco copper mine in Peru. However, this was offset...
Global diamond company De Beers' production decreased to 7.4-million carats for the third quarter ended September 30. That compares with the 9.6-million carats produced in the third quarter of last...
Stabilising operations at its Cullinan and Finsch mines, in South Africa, and the resumption of production at the Williamson mine, in Tanzania, led to a 12% quarter-on-quarter increase in Petra...
Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned...
ASX-listed diamond miner and explorer with assets in Africa and Australia Lucapa Diamond Company has maintained its production guidance for its Lulo and Mothae mines for the full-year. Reporting on...
In an open letter to the Group of Seven (G7) countries, diamond producer De Beers has stated that it fully and unequivocally supports the objectives of the G7 countries to prohibit diamonds of...
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