Petra postpones first diamond tender of 2025 financial year
PETRA Diamonds has postponed the first diamond sales of its 2025 financial year saying its decision was part of an industry-wide effort to impose...
Petra’s plan to avoid mistakes of last diamond market collapse
IN early 2022 Petra Diamonds CEO Richard Duffy declared the time had come for diamonds. After years of waiting, a "long-predicted" supply squeeze in...
De Beers cuts output 3m carats as diamonds forecast to drift
DE Beers has cut its full year production guidance by three million carats to between 23 and 26 million carats (previously 26–29 million carats)...
De Beers to cut output again as diamond prices flatline
ANGLO American said its 85%-owned De Beers may cut diamond production further owing to a deterioration in second quarter market conditions.
"Trading conditions became more...
Petra surprises on net debt but misses on 2024 production
PRODUCTION from Williamson mine in Tanzania and receipt of revenue from a delayed sale enabled Petra Diamonds to cut net debt as of its...
Gloomy outlook for diamonds as prices trough for Petra
THE litany of depressing news for the diamond market has continued with the latest sales figures from Petra Diamonds and a gloomy outlook on...
Petra says independent De Beers will be good for diamonds
THE proposed sale of Anglo American's 85% stake in De Beers would lead to greater market visibility and focus, said Richard Duffy, CEO of...
Petra Diamonds lays out new $100m/y expansion plans
PETRA Diamonds on Thursday detailed expansion plans for its Finsch and Cullinan mines in South Africa in which production is projected to between 3.4...
Diamonds in ‘downward spiral’ as De Beers sales falter again
ROUGH diamond sales fell again for De Beers with no signs of the much desired diamond market recovery on the way.
Al Cook, De Beers...
Lucapa Diamond Co. sells Mothae to local contractor
LUCAPA Diamond Company is to sell its 70% stake in Mothae mine to Lephema Executive Transport, a local company that supplies services to the...