Petra Diamonds misses production target for 2023 on lower gradesIt 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.Cecilia Jamasmie | July 18, 2023 | 3:41 am
De Beers deal is boon for Botswana’s economy, president saysUnder the new accord, Botswana’s state-owned diamond trader will get…Bloomberg News | July 14, 2023 | 8:18 am
De Beers-Botswana deal signals rocky road for rough diamondsDe Beers, along with the rest of the global diamond…Reuters | July 3, 2023 | 11:44 am
Alrosa adjusts sales schedule to ease supply shortage The move will allow buyers to get their hands on rough diamonds sooner than planned, helping ease current undersupply. Cecilia Jamasmie | February 9, 2022 | 8:32 am
Zimbabwe makes U-turn on mining royalties to halt currency slide The Zimbabwean dollar has weakened 6.8% this year to 116.65 per dollar. Bloomberg News | February 4, 2022 | 8:04 am
Vast Resources pulls out of deal to buy Botswana’s Ghaghoo diamond mine Ghaghoo was estimated in 2014 to have a resource of 79.3 million tonnes at an average grade of 19.5 carat per hundred tonnes. Reuters | February 1, 2022 | 7:41 am
Rio Tinto report reveals culture of sexual harassment, bullying and racism Eight-month independent review of the miner’s workplace culture found disturbing, systemic behaviours across the company’s sites. Cecilia Jamasmie | February 1, 2022 | 3:37 am
Debswana annual diamond sales jump 64% The total value of Debswana's diamond exports stood at $3.466 billion in 2021 compared with $2.120 billion in 2020. Reuters | January 31, 2022 | 7:26 am
De Beers boosts production to meet recovering demand It saw 2021 production jump by 29% to 32.3 million carats, as the miner boosted output to meet recovering demand. Cecilia Jamasmie | January 27, 2022 | 6:52 am
There’s a buying frenzy in cheap and tiny diamonds A surge in diamond demand that began in the early Covid lockdowns is showing no sign of easing. Bloomberg News | January 24, 2022 | 8:06 am
Giant black diamond said to come from space could fetch $6.8 million The 555.55-carat gem, dubbed "The Enigma," is the largest faceted fancy black diamond to ever be sold at an auction. Cecilia Jamasmie | January 20, 2022 | 3:43 am
De Beers makes diamond buyers cough up cash with fresh price rise The world's largest diamond miner by value is said to have hiked prices by about 8% for big stones and 20% for small ones at the latest sale. Cecilia Jamasmie | January 17, 2022 | 6:39 am