January 31, 2025

Gemfields halts emerald sales over Zambia export tax

Before the 15% export tariff, Gemfields suspended production at Kagem, citing market saturation from discounted emeralds.

January 29, 2025

De Beers sees India as a bright spot, notes early recovery signs in US

India is the world's largest centre for cutting and polishing diamonds, accounting for nine out of 10 diamonds polished globally.

January 28, 2025

Botswana’s leader says diamond deal reached with De Beers

The new agreement had not resulted in “any major changes, just a little tweaking of things here and there,” Botswana’s president Duma Boko says.

January 17, 2025

Botswana expects 2025 economic growth rebound on better diamond market

Botswana's economy is expected to grow 3% to 4% in 2025 after a contraction last year.

January 13, 2025

Factbox: Greenland’s rich but largely untapped mineral resources

A 2023 survey showed that 25 of 34 minerals deemed "critical raw materials" by the European Commission were found in Greenland.

January 8, 2025

Gemfields faces 21% tax as Zambia reinstates export duty

Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.

January 7, 2025

Are lab-grown diamonds too bling for their own good?

LGD prices are falling because their manufacturing costs also keep dropping, while slow demand is pulling down natural diamond prices.

December 31, 2024

De Beers sitting on largest diamond inventory since 2008, FT reports

The diamond giant has faced multiple headwinds in recent years.

December 27, 2024

Gemfields pauses Mozambique operation amid political unrest

The miner said that groups "took advantage" of political unrest to attempt to invade its site.

December 24, 2024

Gemfields says unrest could disrupt Mozambique ruby mine

Gemfields said in a statement that "groups associated with the illegal mining and trading of rubies have taken advantage of the political unrest".