Gem Diamonds: one tough day for results

Company expects the mining permit to be granted within the next six weeks, following further community consultations.

Alrosa, which held a 41% interest in the Catoca operation, has been sanctioned by the US, EU and their allies.

Major African producer will join Antwerp as an origin certifier of rough diamonds for export to the group.

McKinsey & Co. consultants say current downturn presents significant challenges, but it also offers a chance for reinvention.