De Beers will allow buyers to reject cheap diamonds

2018-09-03 22:00

De Beers is allowing its diamond buyers to refuse some lower-quality stones at its sale this week, according to people familiar with the situation.

Saica charges diamond dealer’s accountant

2018-08-05 11:49

A South African Institute of Chartered Accountants (Saica) member, Munroe Swirsky, is accused of failing to return confidential documents to his diamond dealer former client.

De Beers shakes up the synthetic diamond market

2018-06-18 13:17

The mining giant has launched its own line of artificial stones, but some fear this move might backfire, and impact the price of real diamonds.

De Beers to start selling laboratory-made diamonds

2018-05-30 07:35

De Beers is moving to sell diamonds made in a lab rather than formed underground over billions of years.

Petra Diamonds to raise $178m selling shares to cut debt

2018-05-25 22:59

Petra Diamonds plans to raise $178m from shareholders as the gem miner seeks to cut a debt load that has seen it breach its banking terms.

Botswana president eyes jobs in new 'marriage' with De Beers

2018-05-16 13:09

Botswana’s president, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current 10-year deal expires in 2020.

Diamond miners shamed for externalising funds from Zim

2018-03-21 21:00

Diamond miners in Zimbabwe's Marange fields have been "named and shamed" for externalised funds and assets, with only $591m of the targeted $1.4bn returned.

'Flawless' white diamond could fetch over $33m

2018-02-08 21:11

A white diamond billed as the largest and purest of its type to come to market is expected to sell for well over $33m.

Petra Diamonds crashes after warning it will dig up fewer gems

2018-01-31 17:38

Petra Diamonds has tumbled in London after the African miner cut its forecast for the number of gems it will mine this year and said a stronger rand would hurt profit.

De Beers to use tech behind bitcoin to track its diamonds

2018-01-17 10:33

The world’s biggest diamond producer is running a pilot scheme to create a virtual ledger of diamond sales.

 

Even more bling beneath the Earth's surface – and scientists think they know why

2018-08-07 06:44

A cache of diamonds like the world-famous, rare blue Hope diamond lies hundreds of kilometres beneath the Earth's surface. Now, scientists think they know why these precious stones lie buried so deep.

There are over a quadrillion tons of diamonds lurking 160km below the Earth's surface, according to scientists

2018-07-17 15:31

The diamonds are impossible to mine, however: They're located far deeper than any drills are capable of reaching.

Zim gives up on Mugabe summons to explain missing diamond billions - for now

2018-06-13 10:21

The Zimbabwean Parliament has given up on bringing former president Robert Mugabe before a committee to explain the alleged disappearance of diamonds worth $15bn under his administration.

Zim parly talks tough after second Mugabe no-show amid missing diamond billions

2018-05-29 21:21

Zimbabwe's parliament says it will write ex-president Robert Mugabe a final letter to give evidence about the diamond sector in which $15bn went missing, after he ignored a summons for the second time.

Mugabe under scrutiny in bid to trace Zim's missing diamond billions

2018-05-23 22:00

Former Zimbabwean president Robert Mugabe was scheduled to appear before parliament, after the country's diamond mining industry reportedly lost more than $15bn through illegal activities.

Lab-grown diamonds are hot among younger people

2018-05-12 09:43

More cost-conscious millennials are turning tradition on its head and opting for lab-grown diamonds, which can cost up to 30-40% less than mined diamonds.

The fifth-largest diamond in history sells for $40m

2018-03-13 11:34

Gem Diamonds has found the 910-carat Lesotho Legend, which is about the size of two golf balls, at its Letseng mine.

DMR working to legalise diamond zama-zamas

2018-02-08 21:06

The only way to combat illegal mining is to legalise it, says the Deputy Minister of Mineral Resources Godfrey Oliphant.

Lesotho mine scores again with 149 carat diamond find

2018-01-22 13:49

Since discovering a 910 carat gem diamond just last week, Gem Diamonds has recovered another large high quality diamond.

Exceptional 910 carat gem diamond found in Lesotho

2018-01-15 09:41

A 910 carat gem diamond has been recovered in a Lesotho mine - the fifth largest gem quality diamond ever recovered.

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