Lucara’s Deal with HB Antwerp is Back On
Lucara's on-off deal for HB Antwerp to sell its specials from the Karowe mine, Botswana, is back on again.
The Canadian miner yesterday (18 February) announced details of a 10-year deal that is very similar...
Petra Sells Mothballed Mine to Stargems
Stargems has acquired Petra's mothballed Koffiefontein mine, in South Africa, for a "nominal cash consideration".
The loss-making deposit, which Petra bought from De Beers in 2007, has been on care and maintenance since November 2022.
Petra...
De Beers: After Botswana Deal, Namibia Could Seek Bigger Share
The government of Namibia could seek an increased share in its sales agreement with De Beers, after the mining giant agreed a phased move to a 50/50 split with Botswana.
Namdia, the state-owned diamond company...
De Beers Sees 22% Dip in H1 Revenue to $2.8 Billion
Diamond mining major De Beers reported a decline in revenues in the first half of 2023, amidst the ongoing macro-economic headwinds and a substantial inventory build-up in the midstream.
The company’s total revenue for the...
Petra’s Fourth Tender Sees Strong Sales Growth
Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY...
Rare Beetle Found at Orapa Diamond Mine
A rare species of beetle, dating back 90 million years, has been found at Orapa, the world's biggest diamond mine, in Botswana, shedding light on the evolutionary history of beetles.
The Paleothius mckayi is a...
Buyer Sought for Stornoway Diamonds
A buyer is being sought for Canadian diamond miner Stornoway, after it filed for bankruptcy protection last month.
The company has suspended operations at Renard, the first and only diamond mine in Quebec province, and...
Sanctioned Alrosa Expects to Pay Shareholders Dividend
Alrosa says it expects to pay shareholders a dividend for the first half of 2023, as long as the diamond market remains stable.
It marks a change in fortunes for the Russian state-controlled miner, which...
Lucara Forecasts Increased Revenue in 2024
Lucara is forecasting a revenue increase of at least 30 per cent next year after cutting its 2023 prediction earlier this month.
The Vancouver-based miner said it would be using it sales channels to maximize...
Fishers’ Legal Bid to Halt Marine Diamond Mining
Fishers are mounting a legal challenge to marine diamond operations off South Africa's west coast.
They claim rights to mine in shallow sea and along an 85km coastal strip of land were granted and subsequently...
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Kering, the French luxury group, reported an 11 per cent drop in revenue to $4.8bn during Q1, but reported double-digit growth at Boucheron and...
De Beers Group To Relocate Auctions HQ From Singapore To Botswana
De Beers Group announced it is relocating the De Beers Group Auctions business headquarters from Singapore to Botswana. The relocation supports De Beers’ focus...
Opsydia Welcomes Experienced Diamond Industry Professional Jacqui Larsson as Sales & Marketing Director
The UK-based laser technology specialist has made the senior appointment to bolster its international growth and develop the company’s roster of high-profile clients.
Leading...
Global Gold Demand Stays Strong, Supporting Record-High Prices: World Gold Council
The World Gold Council’s Q1 2024 Gold Demand Trends report reveals that total global gold demand (inclusive of OTC purchases) was up 3% year-on-year...
De Beers Moves Auctions HQ to Botswana
De Beers is moving its auctions headquarters from Singapore to Botswana in a move designed to streamline its operations and cut costs.
The UK-based miner...
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