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Diamonds

The Moody's logo on an office building
Moody's cuts Botswana rating again as diamond slump weighs on economy
28th September 2026 By: Reuters

Ratings agency Moody's on Friday downgraded Botswana's domestic- and foreign-currency long-term issuer ratings to "Baa2" from "Baa1", citing an expected deterioration in the country's public... 


Blue diamond
Belgian gem trader HB downsizes Botswana operations after failed supply deal
25th September 2026 By: Reuters

Belgian gem trader HB Antwerp is scaling back its Botswana operations after failing to secure rough diamond supplies from State-owned Okavango Diamond Company (ODC), a senior company official told... 


An image of the De Beers GemFair toolkit
De Beers publishes 2025 sustainability report
23rd September 2026 By: Tasneem Bulbulia

Diamond miner De Beers Group’s 2025 Sustainability Report has outlined progress in its ‘Building Forever’ sustainability framework, with advances in livelihoods, nature conservation, climate action... 


Diamond sorting in Botswana
Botswana sharply reduces budget deficit forecast on revenue boost from central bank
22nd September 2026 By: Reuters

Botswana now expects a much smaller budget deficit this fiscal year thanks to higher-than-expected revenue from the central bank and measures to contain spending, Finance Minister Ndaba Gaolathe... 


An image of diamonds from De Beers
De Beers Science and Technology division releases new diamond screener
15th September 2026 By: Tasneem Bulbulia

Diamond miner De Beers Group’s Science & Technology division has revealed SynthDetect 2, the next generation desktop diamond screening instrument. De Beers Group states that the first SynthDetect... 


New Multotec chairperson Thomas Holtz handing CEO baton to Johan Robbertse at Electra Mining Africa.
Multotec highlights global success as it hands over CEO baton at Electra Mining Africa
7th September 2026 By: Martin Creamer

South Africa’s Multotec, whose equipment is now used to optimise recoveries and reduce cost of ownership in mineral processing plants in 100 countries on six continents, highlighted its global... 


An image of the Letšeng mine
Gem Diamonds reports improved first-half financial performance
3rd September 2026 By: Tasneem Bulbulia

London-listed Gem Diamonds reported a significantly improved financial performance for the six months ended June 30, compared with the same period last year, with revenue having increased by 32% to... 


An image of assets from Finsch mine
Park Village Auctions appointed for major asset sale at Finsch mine
1st September 2026 By: Tasneem Bulbulia

Park Village Auctions (PVA) has been solely mandated to realise the assets of Finsch diamond mine, one of South Africa’s major diamond mining operations, which is in business rescue. Following... 


Gahcho Kué mine
Canadian diamond miner Mountain Province CFO steps down
1st September 2026 By: Marleny Arnoldi

TSX-listed Mountain Province Diamonds has announced its CFO Steven Thomas will step down effective September 1 to pursue other opportunities, however, he will support the company in an advisory... 


An image of small diamonds
South Africa’s small-scale, junior diamond sector faced with many headwinds
31st August 2026 By: Tasneem Bulbulia

South Africa has long been a significant force in the global diamond industry; however, it has faced regulatory and logistics headwinds which are placing pressure especially on the small and junior... 


Alrosa diamond
Alrosa posts H1 loss due to weak diamond market, strong rouble
28th August 2026 By: Reuters

Russian diamond miner Alrosa, the world's largest diamond producer, slipped into a loss in the first half of 2026 amid an ongoing industry crisis and a strong rouble, the company said on Thursday.... 


Solar panels at a mine in South Africa
South African miners accelerate shift to renewable power to cut Eskom reliance
26th August 2026 By: Reuters

South Africa's mining firms are accelerating investment in renewable energy as they seek to diversify power sources, cut costs and meet decarbonisation targets, marking a shift after decades of... 


A Toro LH517i loader
Sandvik to supply underground mining fleet, financing to Lucara’s Karowe project
13th August 2026 By: Lumkile Nkomfe

Multinational engineering company Sandvik has received orders from Lucara Botswana, a subsidiary of TSX-listed Lucara Diamond Corp, to supply a 15-unit fleet of underground drills and loaders,... 


An image of the Karowe mine
Lucara’s revenue falls on lower carat sales, UGP progresses with some delays
11th August 2026 By: Tasneem Bulbulia

Diamond miner Lucara Diamond Corp’s revenue for the second quarter ended June 30 decreased by 6% year-on-year to $41-million, largely owing to lower carat sales through tender and a lower average... 


Centre for Science, Technology and Innovation Indicators research specialist Dr Amy Kahn.
Is South African mining’s modernisation urgency falling largely on deaf ears?
6th August 2026 By: Martin Creamer

Despite South African mining ending up tenth in a ten-country global benchmarking exercise, two-thirds of the respondents who participated in a survey appear to be more intent on just doing the... 


 Minerals Council South Africa CEO Mzila Mthenjane
Council notes concerns about Industrial Development Strategy's impact on mining
6th August 2026 By: Sabrina Jardim

As mining remains the “backbone of South Africa’s economy”, due care must be exercised when implementing legislative interventions to minimise damage to investor sentiment and avoid curtailing the... 


The De Beers logo on a building
Wanblad says Anglo not exclusive with any consortium on De Beers sale
30th July 2026 By: Reuters

Anglo American CEO Duncan Wanblad said on Thursday the company was "not exclusive with any consortium" on the sale of its diamond unit De Beers. This follows recent media reports that the... 


Rough diamonds recovered by De Beers
Anglo said to be in talks to sell De Beers for about $1bn
29th July 2026 By: Bloomberg

Anglo American is discussing a deal worth about $1-billion to sell its De Beers diamond business, just a fraction of what the one-time diamond monopoly was once worth. Anglo has been looking to... 


The Letšeng mine
Higher prices boost Gem Diamonds' first-half earnings, despite lower output
28th July 2026 By: Creamer Media Reporter

Despite a 12% year-on-year decrease in recovered carats to 41 695 ct for the first six months of this year, London-listed Gem Diamonds recorded a 33% year-on-year increase in sales value to... 


The Cullinan diamond mine
Petra notes constrained revenue generation as corporate restructuring continues
28th July 2026 By: Lumkile Nkomfe

London-listed Petra Diamonds has reported that its revenue for the fourth quarter of the 2026 financial year amounted to $38-million, marking a sharp decline from the $68-million in the third... 


Andrada Mining CEO Anthony Viljoen
Andrada reports sizable mineralised extension of Lithium Ridge project
28th July 2026 By: Lumkile Nkomfe

Following the undertaking of its Lithium Ridge project sampling programme, in Namibia, Aim-listed Andrada Mining has reported that results have extended the surface mineralisation of the project by... 


Minerals Council South Africa CEO Mzila Mthenjane.
Industry leaders, researchers, govt partners, innovators gather to modernise mining
23rd July 2026 By: Martin Creamer

The future of modernisation in South African mining will not be forged by individual companies or institutions working in isolation but collectively by industry leaders, researchers, government... 


Rough diamonds produced by De Beers
De Beers' rough diamond production increases, but prices, demand remain under pressure
23rd July 2026 By: Creamer Media Reporter

Global diamond miner De Beers has reported an 88% year-on-year increase in rough diamond production to 7.8-million carats for the second quarter of this year, taking the company's output for the... 


A map indicating the global distribution and regional exposure profile of baseline water stress for mining and metals facilities
Competition for water resources a risk to the global energy transition, warns ICMM
22nd July 2026 By: Chanel de Bruyn

Mining and metals advocacy group the ICMM warns that water availability could, in many regions, act as a constraint on the development of new mines and related facilities, particularly for the... 


BSE chairperson Neo Mooki and DMCC chairperson and CEO Ahmed Bin Sulayem hold a signed document marking the partnership
DMCC, Botswana Stock Exchange Group sign MoU to expand market access for Botswana's commodity exports
15th July 2026 By: Creamer Media Reporter

International business district that drives the flow of global trade through Dubai, DMCC, has signed a memorandum of understanding (MoU) with the Botswana Stock Exchange Group (BSE), operator of... 


Surface operations at the Venetia mine
NUM expresses strong disapproval of jobs cuts by De Beers in South Africa
14th July 2026 By: Lumkile Nkomfe

Labour union the National Union of Mineworkers (NUM) has strongly decried the plans announced by multinational diamond company De Beers and De Beers Sightholder Sales South Africa (DBSSSA) to pause... 


A 1 305.4 ct diamond recovered at Lucara's Karowe mine
Karowe delivers its tenth diamond of over 1 000 ct
14th July 2026 By: Creamer Media Reporter

Diamond miner Lucara Diamond Corp has recovered a 1 305.4 ct diamond from its Karowe mine, in Botswana, marking the tenth diamond weighing more than 1 000 ct to be recovered at the mine. "The... 


De Beers CEO Al Cook
De Beers to pause Venetia production amid portfolio, organisational changes
13th July 2026 By: Sabrina Jardim

Diamond miner De Beers Group has, consistent with recent actions to improve business resilience, decided to pause production at its Venetia mine, in South Africa, for two years to reduce costs... 


LDB president Charlotte Rose and DDE chairperson Ahmed Bin Sulayem
DMCC’s Dubai Diamond Exchange, London Diamond Bourse sign MoU to strengthen global diamond trade
8th July 2026 By: Sabrina Jardim

Dubai Multi Commodities Centre (DMCC), the international business district that drives the flow of global trade through Dubai, has announced a new memorandum of understanding (MoU) between the... 


Parcels of rough diamonds
De Beers makes deep diamond price cuts for shrinking buyers club
7th July 2026 By: Bloomberg

De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its years-long campaign to hold them well above the market rate. The cuts come at the... 


Kazera increases interest in South African assets
7th July 2026 By: Tasneem Bulbulia

Aim-listed Kazera Global has agreed to acquire additional interests in Whale Head Minerals (WHM) and Deep Blue Minerals (DBM), the company’s South African heavy mineral sands and diamond interests... 


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pqt: 0.019s - ct: 0.058s - 100pq - 2rq
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