Botswana sets aside $65m to buy 24% stake in gem trader HB AntwerpThe deal would value the Belgian company, founded in 2020, at $275 million.Reuters | February 7, 2024 | 9:58 am
De Beers expands presence in Angola’s diamond sectorThe world’s largest diamond miner by volume has inked agreements…Cecilia Jamasmie | February 6, 2024 | 5:22 am
Swiss ban Russian diamond imports, joining latest EU sanctionsBern has agreed to adopt the 12th round of sanctions…Reuters | January 31, 2024 | 9:51 am
Lucara updates Karowe diamond mine underground expansion The company invested $106 million in 2022 in underground development. Staff Writer | February 22, 2023 | 11:10 am
Rio Tinto halves dividend on 41% annual profit drop Rio's bottom line was hit by weaker iron ore prices as demand from China slowed, as well as higher labour and material costs. Cecilia Jamasmie | February 22, 2023 | 3:33 am
G-7 and EU looking at ways to track and trace Russian diamonds Previous EU attempts to sanction Russian gems have run into resistance from importer nations such as Belgium. Bloomberg News | February 19, 2023 | 10:40 am
De Beers confident talks will deliver a Botswana diamond deal The Anglo American unit is in talks with the Botswana government to extend mining rights that expire in 2029. Reuters | February 16, 2023 | 9:56 am
Gemfields evacuates exploration camp in Mozambique after attack The coloured gems miner has halted operations and vacated its 75%-owned Nairoto Resources exploration camp after an insurgent attack on a nearby village. Cecilia Jamasmie | February 14, 2023 | 3:43 am
De Beers diamond deal threatened as Botswana says it’s ready to walk away Botswana President said his government is prepared to walk away from negotiations if he’s not satisfied with the division of revenues. Bloomberg News | February 13, 2023 | 6:43 am
Botswana warns of dangers in dash for African minerals Botswana is reviewing its mines and minerals legislation to "tighten up" laws on mine rehabilitation. Reuters | February 9, 2023 | 12:22 pm
Fancy colour diamond prices up 3.9% in 2022 Prices for yellow diamonds climbed by 4.6% from the previous year, followed by a 3.9% rise in pinks and 1.8% in blues, the FCRF says. Staff Writer | February 8, 2023 | 6:14 am
Angola seeks dual listing for diamond miner Endiama, to sell 5-10% stake first Endiama plans to more than double its diamond production between 2022 and 2027. Reuters | February 8, 2023 | 4:47 am