Diamond Top Stories

India urges G7 to delay ban on Russian diamonds as rules lack clarity

Home to 90% of the world's diamond cutting and polishing industry, India is critical to the implementation of the ban.

Reuters | December 20, 2023 | 8:07 am

Diamond sales slowly restart after efforts to halt price crash

The world’s two biggest diamond miners are selling stones again…

Bloomberg News | December 19, 2023 | 9:57 am

Russia says it will have no trouble skirting latest EU sanctions

The new sanctions package bans the import of Russian-origin non-industrial…

Reuters | December 19, 2023 | 6:24 am

India’s Modi says new diamond bourse in Gujarat to create 150,000 jobs

Surat, in Gujarat state, cuts and polishes 90% of the…

Reuters | December 17, 2023 | 11:07 am

Petra Diamonds inks deal to sell idled Koffiefontein mine

Petra has signed a non-binding deal with an unnamed party…

Cecilia Jamasmie | December 13, 2023 | 3:58 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

De Beers names Equinor’s Al Cook as new CEO

Cook joins at the start of 2023 from Europe's top gas supplier, where he held an executive vice-president position.

Cecilia Jamasmie | October 10, 2022 | 5:18 am

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