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.

#GuptaLeaks: A tale of two captures: Alexkor, Gupta Inc and 'WMC'

2017-12-13 07:44

The diamond-rich desert area of the Richtersveld, on South Africa's north-west coast, seems unable to escape the clutches of monopolisation.

163-carat Angolan diamond sells for $34m, still disappoints

2017-11-15 16:12

A flawless 163-carat clear diamond from Angola fetched $34m (approximately R487m) at Christie’s in Geneva - not enough to dispel concerns about the health of the market.

 

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.

Two diamonds larger than 100 carats each found in Lesotho mine

2018-01-08 12:01

Gem Diamonds has discovered the two huge diamonds, each bigger than 100 carats, at its Letseng mine.

Pink diamond gets $32m, Patek sets Asian record

2017-12-01 22:30

A 14.93-carat pink diamond ring has been sold for about $32m at Christie’s in Hong Kong, at the low end of estimates in a volatile market for gems.

Will Singapore's diamonds exchange shine brightly?

2017-11-05 12:03

Singapore has a new diamonds exchange presenting an opportunity for investors to consider diamonds as a new asset class.

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