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.

July 22, 2019

Russian and Zimbabwe state-owned diamond miners form JV

Starting in the fall of 2019, the JV will focus on geological exploration of greenfield deposits.

July 18, 2019

Alrosa says Q2 output up 14%

The company may fall short of its 2019 sales target of 38 million carats.

July 18, 2019

Anglo American’s diamond unit takes sparkle away from results

Output from its De Beers unit dropped 14% amid weaker demand and lower prices.