Petra Diamonds says the worst is likely overPetra's 20% increase in like-for-like prices for its latest tender of financial year 2024 supports its view that diamond prices have bottomed.Cecilia Jamasmie | December 8, 2023 | 6:34 am
G7 to ban Russian diamonds, announce measures on price cap, assetsThe group is expected to announce a direct ban as…Reuters | December 6, 2023 | 7:39 am
Rio Tinto sells stake in Canadian diamond project, ups interest in copperRio Tinto sold its 75% interest in the Fort à…Cecilia Jamasmie | November 29, 2023 | 4:09 am
Diamonds trade watchdog mulls fate of Russian gems The Kimberley Process is expected to decide this week whether Russian diamonds should be declared conflict gems. Cecilia Jamasmie | November 2, 2022 | 6:23 am
Debswana posts 37.5% jump in 9-month diamond sales However, De Beers sees the risk of the market slowing down in the coming months due to a deterioration in global economic conditions. Reuters | November 1, 2022 | 7:47 am
Higher-grade ore boosts De Beers diamond output Production of rough diamonds climbed 4% to 9.6 million carats in the third quarter of the year, compared to the same period of 2021. Cecilia Jamasmie | October 27, 2022 | 9:54 am
Anglo American Q3 production flat as copper’s drop offsets upbeat coal output Anglo American's quarterly output grew 16% from the previous three months led by the robust coal and diamond operations. Reuters | October 27, 2022 | 7:42 am
De Beers to offer sweeter terms as diamond market shows strain De Beers has told customers in a memo that it would be doubling the size of its so-called buyback process. Bloomberg News | October 21, 2022 | 3:21 pm
Rare pink diamond of 170 carats to go on sale this month The 170-carat “Lulo Rose” may be the largest recovered in the last three centuries, Lucapa Diamond said in July. Bloomberg News | October 21, 2022 | 3:11 pm
South Africa’s Treasury to trim budget deficits further on mining royalties Barclays' economist Michael Kafe said revenues were on track to exceed budgeted estimates and part of the windfall would be allocated to the public wage bill. Reuters | October 21, 2022 | 7:51 am
Zimbabwe miners unfazed by new royalties proposal Mineral royalties accounted for 2.8% of Zimbabwe's tax revenue in 2021, Zimbabwe Revenue Authority data shows. Reuters | October 10, 2022 | 8:57 am
RioZim buys Namibian diamond mine to expand in Africa RioZim is also planning further investments in base and precious metals in Zimbabwe. Bloomberg News | October 10, 2022 | 8:37 am