Anglo retains De Beers as prize asset

2016-05-19 20:06

Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that the surging Asian demand for diamonds will outstrip dwindling supply.

Christie's auctions blue diamond, expects $39 million

2016-05-18 19:00

Christie's is putting under the hammer a fancy vivid blue diamond known as the 'Oppenheimer Blue,' estimated to fetch $39-46 million)

Massive uncut diamond fetches 'record $63 million'

2016-05-09 21:02

Canadian mining company Lucara Diamond on Monday announced the sale of a huge 813 carat diamond for a record $63 million (55 million euros), ahead of the sale of an even bigger one.

World's most expensive rough diamond sells for $63m

2016-05-09 10:43

Lucara Diamond has sold a 813-carat jewel for $63m, making it the most expensive rough gem on record and raising the prospects for the sale of the Lesedi la Rona.

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.


Oppenheimer Blue sells for record R926m

2016-05-19 07:31

The "Oppenheimer Blue" has sold for over 56.8 million Swiss francs (R926m), including costs, crushing the previous record for the most expensive diamond ever sold at auction.

'Unique Pink' diamond expected to fetch $28M-plus

2016-05-17 19:00

Sotheby's is putting up for sale a fancy vivid, pearl-shaped pink diamond said to be the largest of its kind sold at auction and expected to fetch a price between $28 million-$38 million.

Digging deep: Diamond hunt in SA gets tougher

2016-05-09 15:00

Proof that diamonds are getting harder to find can be seen in the South African bush, where De Beers is spending $2bn tunnelling beneath a vast open-pit mine.

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.

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