Diamond Top Stories

Petra Diamonds adjusts strategy amid 2024 market challenges

The diamond miner dealt with headwinds in fiscal year 2024 with strategic cost reductions and operational adjustments.

Cecilia Jamasmie | September 24, 2024 | 3:42 am

Gem Diamonds’ Letšeng mine yields 212-carat stone

It is the 13th diamond over 100-carat unearthed this year…

Staff Writer | September 23, 2024 | 3:55 am

FATF asks for tighter checks on India’s precious metal deals

The South Asian nation has about 175,000 businesses in this…

Bloomberg News | September 19, 2024 | 8:56 am

Winsome Resources confirms Canadian lithium project’s potential

Repurposing existing infrastructure at the past-producing Renard diamond mine seems…

Cecilia Jamasmie | September 17, 2024 | 3:29 am

Lucara recovers sixth diamond larger than 1,000 carats at Karowe mine in Botswana

Last month, the miner unearthed the second-largest diamond ever found.

Staff Writer | September 16, 2024 | 8:33 am

Petra Diamonds cuts targets and costs in tough market

Petra plans to cut operating costs by $30 million a year from the fiscal year ending June 30, 2025, while reducing spending to $100 million.

Cecilia Jamasmie | June 27, 2024 | 3:49 am

Gahcho Kué diamond mine surpasses spend threshold with NWT and Indigenous businesses

The milestone represents 61% of the total C$3.2 billion spent on the project since 2015 when construction began.

Marilyn Scales - Canadian Mining Journal | June 26, 2024 | 11:11 am

De Beers sales drop to $315m amid search for new owner

Provisional figure is less than the $383 million fetched in the previous sales cycle and the $456 million sold at this time last year.

Cecilia Jamasmie | June 26, 2024 | 3:50 am

De Beers Canada JV partner says diamond miner in no rush to sell

The more than 100-year-old diamond miner is seeking options for its spin off from parent Anglo American at a time of depressed diamond prices.

Reuters | June 21, 2024 | 12:16 pm

Gemfields fetches almost $69 million at ruby auction

The auction marked the 10th anniversary of Gemfields’ first sale of rubies from the Montepuez mine in Mozambique.

Cecilia Jamasmie | June 19, 2024 | 5:36 am

Debswana reports fatality at its Jwaneng mine

The incident, which took place on Monday, involved a contractor.

Reuters | June 18, 2024 | 3:53 am

Gemfields picks ex-De Beers boss Bruce Cleaver as new chair

Bruce Cleaver, who was at the helm of De Beers for seven years to 2023, takes the position effective July 1.

Cecilia Jamasmie | June 11, 2024 | 3:53 am

Botswana in talks to raise stake in De Beers

President Mokgweetsi Masisi also said the government will play a central role in selecting a new investor to replace Anglo at De Beers.

Cecilia Jamasmie | June 10, 2024 | 5:43 am

Botswana may raise De Beers stake as Anglo weighs spin-off

The government owns a 15% stake in De Beers and Botswana accounts for 70% of the company's annual rough diamond supply.

Reuters | June 6, 2024 | 7:13 am

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