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.

July 25, 2019

Diamond market weakness prompts De Beers to curb supply

The move comes as trade tensions between the US and China pushed earnings down 27% in first-half of the year.

July 25, 2019

Firestone meets annual production targets despite market weakness

The miner dug up 829,458 carats in the fiscal year ended June from Liqhobong, in Lesotho, which is its only operating mine.

July 22, 2019

Weak demand takes shine off Petra Diamonds revenue

It expects to produce about 3.8 million carats in 2020, compared to the 3.9 million carats it generated for the year ended June 30.