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LATEST Diamonds and gems  

De Beers diamond sales sink to three-year low as buyers hold off

30 Jul 2019 /  Liezel Hill, Bloomberg  
Demand for high-end jewellery stagnates.

Anglo American cuts diamond production goal as buyers balk

18 Jul 2019 /  Thomas Biesheuvel, Bloomberg   
Demand for diamonds remains weak.

The world’s biggest diamond mine is closing

12 Jul 2019 /  David Stringer and Thomas Biesheuvel, Bloomberg   
Argyle is the source of about 90% of the world’s prized pink diamonds.

African banks to fund construction of world’s biggest marine diamond mining vessel

19 Jun 2019 /  Nyasha Nyaungwa, Reuters   
Nedbank Namibia, RMB Namibia, Standard Bank, Absa and Bank Windhoek agreed to provide 80% of the funding for the ship.

De Beers diamond sales slump again in another warning sign

21 May 2019 /  Thomas Biesheuvel, Bloomberg   
Although this is a quiet period, total sales so far in 2019 are still much weaker than in previous years.

Diamond trading goes online as Lucara takes on industry goliaths

28 Apr 2019 /  Hanna Hoikkala and Niclas Rolander, Bloomberg  
The opaque diamond trade may be ripe for disruption.

Second-biggest diamond in history found, but it’s not that great

26 Apr 2019 /  Thomas Biesheuvel, Bloomberg  
Giant 1 758-carat diamond found in Botswana.

Tiffany training Africans to cut diamonds sourced from region

15 Apr 2019 /  Pauline Bax, Bloomberg   
CEO considers SA an 'interesting' market.

Mine where the biggest-ever diamond was found delivers again

29 Mar 2019 /  Thomas Biesheuvel, Bloomberg   
Petra recovered a 425-carat white color Type II stone on Friday.

Gemfields has yet to transform its potential into profit

26 Mar 2019 /  Adriaan Kruger   2
One of the most interesting shares on the JSE, but still struggling to woo investors.

De Beers sales sputter again as cheap diamonds remain unloved

5 Mar 2019 /  Thomas Biesheuvel, Bloomberg  
De Beers has been forced to cut prices and offer concessions to buyers.

Petra Diamonds appoints new CEO, share price rises

18 Feb 2019 /  Samantha Machado and Barbara Lewis, Reuters   
The appointment of Richard Duffy as CEO would benefit the company as it sought to cut debt, analysts say.

Famed Cullinan mine banks on big diamonds to drive down debt

14 Feb 2019 /  Emma Rumney and Barbara Lewis, Reuters   
Mine owned by Petra Diamonds may take 5-10 years to clear debt.

Good diamonds are hard to find at world’s richest gem mine

7 Feb 2019 /  Thomas Biesheuvel, Bloomberg   
The average price of diamonds found at the Letseng diamond mine in Q4 was valued at almost half of its full year price.

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