Jobs reduction a possibility for De Beers as Anglo firm continues...
THE onset of the Covid-19 pandemic accelerated De Beers' plans to transform - a process that was "ongoing", the group said today.
"The wide-ranging effects...
Petra Diamonds says restructure may result “in significant level of equity...
PETRA Diamonds today raised the possibility of significant dilution for equity holders in order to climb out of the liquidity crisis engulfing the company.
The...
De Beers warns of slow market recovery as moves to flexible,...
DE BEERS warned it would "take some time" for the diamond market to return to pre-Covid-19 levels, but a recovery in rough diamond demand...
Lucapa to restart Mothae mine in Lesotho in Q4, to operate...
LUCAPA Diamond Company said its Mothae mine in Lesotho would restart production by the fourth quarter following agreement with the government.
The Sydney-listed firm also...
Petra to investigate ‘human rights abuses’ at Williamson mine as allegations...
THE problems mounted for Petra Diamonds which said today it was conducting an investigation into allegations lodged in a UK High Court filing of...
GEM not interested in buying “lovely” Petra Diamonds assets after kicking...
GEM Diamonds was unlikely to bid for Petra Diamonds or any of its assets, according to the firm's CEO, Clifford Elphick, today.
Asked for his...
De Beers sold $300m in rough diamonds last week following 10%...
DEMAND for rough or uncut diamonds among manufacturers - polishers and cutters - is reviving, partly owing to price cuts announced by De Beers...
Covid-19 may delay signing of new diamond sales deal between De...
COVID-19 related travel restrictions could result in De Beers failing to renew its sales agreement with joint venture partner, Botswana, before its year-end expiration.
Reuters...
Despite price cuts, De Beers is forecast for second half sales...
DE Beers would experience a rebound in fortunes for the second half of its financial year with sales reaching $1.6bn, according to analysts at...
GEM Diamonds recovers 442 carat diamond – one of largest gems...
GEM Diamonds said it had recovered a 442 carat diamond from its Letšeng mine in Lesotho which it described as one of the largest gem...