Diamond Top Stories

Diamond finds could extend NWT’s Misery mine ‘well past 2026,’ Burgundy says

In July, the crew found a fancy yellow diamond about 25 metres below the last planned mine level.

Blair McBride - The Northern Miner | September 11, 2024 | 9:32 am

Gem Diamonds finds 126.2-carat stone at Letšeng mine

The 126.21 carat Type II white diamond is the twelfth greater…

Staff Writer | September 11, 2024 | 3:28 am

Gem Diamonds finds 122-carat stone at Letšeng mine

The precious stone is the eleventh greater than 100-carat diamond…

Staff Writer | September 5, 2024 | 4:16 am

Botswana’s ODC seeks $300 million loans for diamond purchases

ODC currently gets 25% of its production from Debswana, a…

Reuters | August 29, 2024 | 9:36 am

Gem Diamonds unearths 129-carat stone at Letšeng mine in Lesotho

The diamond, recovered on August 23rd, is the 10th greater than…

Staff Writer | August 28, 2024 | 11:29 am

Gemfields unveils early gold estimates for Mozambique project

Resource estimate for the Nairoto project suggests the presence of 103,000 ounces of gold averaging over two grams per tonne.

Cecilia Jamasmie | June 6, 2024 | 4:25 am

De Beers aims to rebrand as top jewellery group

De Beers seeks becoming a leading luxury jewellery retailer as it reels from weak market conditions and the failed BHP bid for Anglo American.

Cecilia Jamasmie | June 5, 2024 | 5:26 am

Gem Diamonds finds 172-carat stone at Letšeng

This is the seventh diamond greater than 100 carats the company has recovered this year at the prolific mine in Lesotho.

Staff Writer | June 4, 2024 | 3:51 am

De Beers ditches lab-grown diamonds as it looks beyond Anglo

De Beers will turn its focus on so-called category marketing, where it promotes diamond jewelry in general rather than just its own branded gems.

Bloomberg News | June 3, 2024 | 1:45 pm

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

The proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023.

Reuters | June 3, 2024 | 9:57 am

Botswana’s Debswana diamond sales fall 48% in first quarter

In the first quarter, Debswana sold diamonds worth $560.9 million, from $1.085 billion registered in the same period last year.

Reuters | May 31, 2024 | 8:36 am

How a rattled South Africa became Anglo’s best defence against BHP bid

More than 20% of Anglo shares are held by South African investors.

Reuters | May 30, 2024 | 7:04 am

Botswana flags synthetic gem threat ahead of $6 billion diamond project launch

The natural diamond market has struggled in the past two years due to rising consumer demand for cheaper lab-grown diamonds.

Reuters | May 29, 2024 | 9:28 am

Botswana wants quick separation of De Beers from Anglo

The world's top diamond producer by value is finalizing a new ten-year gem sales deal agreed last June with De Beers.

Reuters | May 29, 2024 | 6:35 am

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