Diamond Top Stories

Gemfields loses sparkle as profit falls 86% on cancelled auction

The decline was partly due to unrealized fair value losses of $28 million from the company's stake in Sedibelo Resources.

Staff Writer | March 25, 2024 | 5:03 am

Gemfields warns of $2.8 million loss on write-down

Weak PGMs prices forced Gemfields to cut the value of…

Cecilia Jamasmie | March 22, 2024 | 4:01 am

Lucapa finds Lulo mine’s fifth-largest diamond

The 203-carat, type IIa diamond is also the third 100-carat-plus…

Cecilia Jamasmie | March 21, 2024 | 5:35 am

Lucapa Diamond soars on 48% rise in resources at Angola mine

Resources at Lulo mine in Angola increased to 228,000 carats…

Cecilia Jamasmie | March 18, 2024 | 3:51 am

Russian diamond ban creates costly delays, Antwerp diamond dealers say

Dealers say disruptions would further erode the competitive advantage of…

Reuters | March 14, 2024 | 6:45 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

Gem trader HB Antwerp eyes African diamonds after Botswana pact

The firm is looking for potential deals to process rough diamonds in countries including Namibia, South Africa, Lesotho and the DRC.

Reuters | May 19, 2023 | 8:24 am

G-7 to chase Russia’s diamonds while stopping short of total ban

Earlier attempts to sanction Russian gems in Europe have met resistance from importer nations like Belgium.

Bloomberg News | May 19, 2023 | 8:14 am

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