July 18, 2023

Petra Diamonds misses production target for 2023 on lower grades

It produced 2.67 million carats for the year to June 2023, down by 20% from fiscal 2022 and below its guidance of 2.75-2.85 million carats.

July 14, 2023

De Beers deal is boon for Botswana’s economy, president says

Under the new accord, Botswana’s state-owned diamond trader will get 30% of the output from Debswana.

July 4, 2023

Lucapa Diamond achieves debt-free status

The diamond producer is now interest-bearing debt free, having repaid about $20 million over an 18-month period.

July 3, 2023

De Beers-Botswana deal signals rocky road for rough diamonds

De Beers, along with the rest of the global diamond sector, is facing headwinds from a 6.5% drop in diamond prices in the year to date.

July 2, 2023

De Beers agrees to give Botswana more rough diamonds in new sales pact

A new deal gradually increases to 50% the share of rough stones Botswana gets from its joint venture with De Beers.

June 18, 2023

New study quantifies violations of Indigenous peoples’ rights by extractive industries

Ten universities joined forces to conduct the largest quantitative analysis to date of the violations of Indigenous peoples’ rights by extractive and industrial developments.

June 14, 2023

Fura Gems to invest more than $200m in Colombia mine over five years

The company is holding its fourth auction of uncut emeralds from its Coscuez mine in central Boyaca province this week.

June 13, 2023

Positive drill results in hunt for more kimberlites at Gahcho Kué

Mountain Province has reported positive drilling results at several targets.

June 7, 2023

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.

June 2, 2023

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.