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".

December 20, 2024

Lure of Anglo’s copper mines could test BHP’s spending resolve

BHP needs to offer at least a 40% premium over Anglo's share price for a new takeover bid, but its CEO has committed to spending discipline.

December 20, 2024

Petra Diamonds cuts forecasts, jobs amid market weakness

Sales revenue for the third tender fell 7% to $71 million, bringing year-to-date revenue to $146 million, down from $188 million last year.

December 18, 2024

Alrosa’s 2024 diamond output falls by 4.6%

The miner announced plans last month to suspend some production in 2025 and cut staff as it grapples with low global prices.

December 18, 2024

Lucara names two largest diamonds found in 2024

The 2,488ct diamond is named Motswedi ("water spring") and the 1,094ct stone is called Seriti ("aura" or "presence").

December 6, 2024

Botswana faces worst downturn since 2020 as diamond sales slump

Botswana’s economy may contract by 1.7% this year due to a prolonged downturn in diamond sales.

December 5, 2024

Botswana holds main interest rate as diamond slump saps economy

Declining earnings from diamonds have limited government spending.