Petra Diamonds flags revenue hit as it defers sale to August

It said the move followed “a temporary slowdown” in the rough diamonds market caused by elevated inventory in the mid-stream sector.

Cecilia Jamasmie | June 7, 2023 | 3:55 am

Gemfields hits three records in latest emerald auction

The coloured gems miner as achieved record revenue of $43.7 million in its latest emerald auction, held in the second half of May.

Staff Writer | June 2, 2023 | 5:49 am

Namibia says will not grab stakes in existing resource firms

The ministry, however, did not rule out the government taking minority stakes when granting licences.

Reuters | June 1, 2023 | 9:13 am

Zimbabwe aims to double power output by 2025 to meet mining demand

The southern African country is reeling from power cuts of up to 12 hours daily.

Reuters | June 1, 2023 | 7:39 am

Petra Diamonds sells half its stake in Williamson mine

Buyer is Tanzania-based technical services contractor Taifa Mining, which will pay $15 million to become Williamson's co-owner.

Cecilia Jamasmie | May 31, 2023 | 3:39 am

Botswana says it is still keen on De Beers partnership, confident of new deal

President Mokgweetsi Masisi threats to walk away from the negotiations if Botswana fails to secure a bigger share of rough diamonds produced by Debswana.

Reuters | May 30, 2023 | 7:35 am

Namibia considers taking stakes in mining and petroleum companies

Namibia is one of Africa’s biggest producers of diamonds and largest of uranium.

Bloomberg News | May 29, 2023 | 11:11 am

Botswana president insists on bigger share of diamonds from De Beers venture

The country will not back down on demands for a bigger share of rough diamonds from JV with the company, Mokgweetsi Masisi said.

Reuters | May 25, 2023 | 9:12 am

Dubai Diamond Exchange, Sotheby’s unveil world’s largest ruby

The Estrela de FURA – a 55.22 carat stone – is expected to fetch in excess of $30 million.

Staff Writer | May 22, 2023 | 11:14 am

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Canada bans indirect imports of Russian diamonds

Debswana diamond sales down 25.1% in 2023 on weak demand

Diamond producers warn of pitfalls in G7’s Russia gem ban

Alrosa’s annual net profit drops 15.2%

Mark Cutifani appointed to Diamond Standard’s board of advisors

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