Alrosa, ZCDC sign final agreements to form Zimbabwean JV

The miner's Jubilee pipe is famous for its large finds.

Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.

It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.

Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

The EU regulation on mineral sourcing that comes into force today will not be effective enough due to its limited scope and delay in implementation.

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

Son of Putin ally to focus on reduced costs in new role as CEO