ARTICLES RELATING TO DIAMONDS

State miner still eyes coal despite operating loss

2016-04-20 12:14

State-owned diamond mining company Alexkor says it has has not given up on plans to venture into coal mining, despite reporting a R95.8m operating loss.

Geriatrics crave diamonds spurned by iPad generation

2016-04-08 09:14

Diamonds are losing their allure for many consumers more interested in spending money on vacations, fancy handbags and high-tech gadgets.

Court overturns Mugabe seizure of diamond miners

2016-03-04 18:00

A Zimbabwean court has overruled President Robert Mugabe’s directive ordering miners out of Marange diamond fields and says the mines minister is in contempt of court.

Zim government seizes diamond mines

2016-03-04 08:56

President Robert Mugabe has announced that his government will take possession of all diamond operations because miners have robbed Zimbabwe of its wealth.

De Beers ends 127-yr control of Kimberley Mines

2015-12-01 14:40

Petra Diamonds and a partner have agreed to buy De Beers’ Kimberley Mines, ending the producer’s 127-year control of the operation.

SA to encourage black involvement in diamond sector

2015-10-27 17:07

South Africa has launched an association for young, mainly black entrepreneurs to boost the processing and manufacturing of rough diamonds, says the mines ministry.

Dividend paying Botswana diamond miner thriving on ‘exceptional’ stones

2015-09-14 16:12

Miner Lucara Diamonds appears to be bucking the sector's negative trend and is one of the very few diamond companies to pay dividends to its shareholders.

Gem Diamonds revenue rises on high-grade gems

2015-05-21 09:53

Gem Diamonds' sales have increased in the year to date as it sold more high-grade diamonds from its flagship mine in Lesotho despite a weaker diamond market.

Temporary labour reprieve for SA miners in Zim

2015-02-25 08:40

A wage hike settlement agreed by Zimbabwean mineworkers and their employers has provided the miners with a temporary labour dispute respite.

Mark Stewart: Gold, diamond excitement in mining sector

2015-02-16 11:20

Metals are struggling worldwide but certainly, gold and diamonds are what excites our global partners, says Mark Stewart of BDO South Africa.

 

De Beers expands diamond sales

2016-04-12 13:53

De Beers has increased diamond sales at its third offering this year in a sign of recovering demand for rough gems after a slump last year.

Largest blue diamond goes to auction for $45m

2016-04-01 18:15

The largest fancy vivid blue diamond that has ever been offered at auction is set to go on sale at Christie’s in Geneva for an estimated for $38m to $45m.

Mugabe: Diamond smuggling cost Zim economy $13bn

2016-03-04 10:00

The illicit diamond trade has cost Zimbabwe over $13bn, forcing the state to create a new company that’s taken control of deposits, according to President Robert Mugabe.

Zim govt faces lawsuit from diamond miners

2016-02-23 11:43

Diamond mining firms ordered by Robert Mugabe's government to stop operations in the country's east are weighing their options, with some starting litigation talks.

'Blue Moon Diamond' sells for record R686m

2015-11-12 10:16

The rare and flawless 'Blue Moon Diamond' which was was found in SA's famed Cullinan mine in January 2014 has sold for a record $48.4m.

Botswana rough diamonds exports fall

2015-09-30 18:00

The value of rough diamonds exports from Botswana's mines has fallen 15% in the first six months of the year to $1.7bn.

Rio exits Zim as plans to merge gem firms take shape

2015-06-26 17:01

Resources firm Rio Tinto has exited Zimbabwe following controversial government plans to merge all diamond mining companies into a state-owned corporation.

'Perfect' diamond from SA sells for $22m

2015-04-22 09:42

A "perfect" 100-carat diamond in a classic emerald cut mined in mined in southern Africa has sold for just over $22m at auction.

De Beers to invest billions in prized SA mine

2015-02-16 19:01

The De Beers Group UK is planning to invest around R33bn over the next 10 years on its diamond mining operations, with the bulk of that spend on its key SA mine.

De Beers diamond division becoming crown jewel

2015-02-15 15:09

Diamond company De Beers, once a niche business for global miner Anglo American, is rapidly rising to become the jewel in its crown.

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