August 14, 2019

De Beers to let buyers reject up to 50% of small diamonds

The Anglo American unit has gone unusually far this year in offering flexibility to its customers — allowing them to defer agreed purchases and lower the number of diamonds they…

August 9, 2019

Lucara results highlight difficult market

The miner produced 42% more diamonds than expected and sold 33% more than anticipated for 4% less revenue.

August 7, 2019

Star Diamond offers bulk sampling statistics at Star-Orion South

The company says Rio Tinto has completed five of the 10 bulk sample trench cutter holes at the project.

August 7, 2019

Sierra Leone reviews mining licenses in industry-wide cleanup

The West African nation has already canceled or suspended permits for assets that were not operational.

August 7, 2019

Rapaport calls for a reduction in rough diamond prices

The firm says that the weak July the diamond industry experienced was caused by high rough diamond supply at inflated prices.

August 7, 2019

Lucapa finds Mothae mine’s “best” diamond yet

The diamond received a D color rating, meaning it’s colourless and extremely rare.

August 6, 2019

Sierra Leone community’s suit against diamond miner shows activist trend

Across Africa and the developing world, local groups are increasingly mounting legal challenges against companies extracting minerals.

August 1, 2019

Zimbabwe to replace empowerment law — finance minister

Foreign investors can now take majority stakes in the platinum and diamond sectors.

July 29, 2019

Diamond industry’s elite club is starting to show cracks

In the diamond trading world, becoming one of De Beers' elite buyers is viewed as essential to achieving success and making money. Now, it’s no longer so easy.

July 25, 2019

Billionaire Anil Agarwal sells Anglo stake

Volcan was Anglo American's biggest shareholder, with a nearly 20% stake.