March 19, 2018

Moti doubles Zimbabwe investments as economy seen opening up

Moti Group is preparing to double its investments in Zimbabwe to $500 million after the removal of Robert Mugabe as president in November.

March 19, 2018

Zimbabwe changes majority black ownership for diamond, platinum mines

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.

March 16, 2018

De Beers, Mountain Province go after Kennady Diamonds to expand joint Canadian mine

The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.

March 15, 2018

Zimbabwe ownership law stymies RioZim’s bold expansion plan

RioZim Ltd., a Zimbabwean diamond, nickel and gold miner, wants to more than double output of gemstones at its Murowa mine.

March 15, 2018

Russian diamond company Alrosa posts 28% profit fall

The average price of its gem-quality diamonds fell by 9% in 2017, it said, citing "changes in the product mix".

March 14, 2018

Gem Diamonds soars as it finds seventh giant rock this year

It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

March 13, 2018

Fifth-largest gem quality diamond in history sold for $40 million

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.

March 12, 2018

Newfield acquires Stellar Diamonds for $23.6 million

Under the deal, Newfield will lend Stellar $3 million to help it over its immediate short-term cash needs, while undertaking a right issue to raise A$30 million (roughly $23.6m) to…

March 9, 2018

South African diamond provides new clues on Earth’s internal processes

A mineral usually found at depths of 700 km found ensconced within diamond near Earth’s surface for the first time.

March 7, 2018

Beny Steinmetz’s mining firm BSGR enters administration to protect itself

As well as facing legal action, BSGR, which denies any wrong-doing, is suing financier George Soros for $10 billion in damages over lost contracts.