Diamond Top Stories

BHP needs to bid about $41 a share for Anglo, JPMorgan says

Anglo American has turned down BHP’s bids twice since April 25, stating the offers continue to considerably undervalue the company.

Reuters | May 17, 2024 | 4:03 am

Anglo American freezes hiring amid global shake-up

Anglo's decision affects recruitment of non-site-based permanent employees and contractors,…

Staff Writer | May 16, 2024 | 5:08 am

BHP shareholders see room for one more sweetened Anglo bid

Shareholders in both companies interviewed by Bloomberg said there was…

Bloomberg News | May 15, 2024 | 9:24 am

Lucapa to sell majority stake in Lesotho diamond mine

The diamond miner is also discussing options for the 30%…

Cecilia Jamasmie | May 15, 2024 | 3:20 am

Anglo American to sell De Beers, Amplats to fend off BHP’s bid

Anglo plans to focus on copper while spinning out or…

Cecilia Jamasmie | May 14, 2024 | 4:04 am

Gemfields warns of $2.8 million loss on write-down

Weak PGMs prices forced Gemfields to cut the value of its Sedibelo investment, which will result in a write-down ranging between $4 million and $28 million.

Cecilia Jamasmie | March 22, 2024 | 4:01 am

Lucapa finds Lulo mine’s fifth-largest diamond

The 203-carat, type IIa diamond is also the third 100-carat-plus stone found at the Angolan mine this year.

Cecilia Jamasmie | March 21, 2024 | 5:35 am

Lucapa Diamond soars on 48% rise in resources at Angola mine

Resources at Lulo mine in Angola increased to 228,000 carats as of December 31, up from 153,870 carats the previous year.

Cecilia Jamasmie | March 18, 2024 | 3:51 am

Russian diamond ban creates costly delays, Antwerp diamond dealers say

Dealers say disruptions would further erode the competitive advantage of the centuries-old diamond trade.

Reuters | March 14, 2024 | 6:45 am

Diamonds can help speed up EVs’ charging time

A diamond nano-membrane is extremely effective at distributing heat and significantly reducing battery charging time.

Staff Writer | March 6, 2024 | 7:43 am

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BHP needs to bid about $41 a share for Anglo, JPMorgan says

Anglo American freezes hiring amid global shake-up

BHP shareholders see room for one more sweetened Anglo bid

Lucapa to sell majority stake in Lesotho diamond mine

Anglo American to sell De Beers, Amplats to fend off BHP’s bid

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Gemfields warns of $2.8 million loss on write-down

Lucapa finds Lulo mine’s fifth-largest diamond

Lucapa Diamond soars on 48% rise in resources at Angola mine

Russian diamond ban creates costly delays, Antwerp diamond dealers say

Diamonds can help speed up EVs’ charging time

Canada bans indirect imports of Russian diamonds

Debswana diamond sales down 25.1% in 2023 on weak demand

Diamond producers warn of pitfalls in G7’s Russia gem ban

Alrosa’s annual net profit drops 15.2%