September 27, 2017

Petra jumps on Tanzania letting it resume diamond exports

Stock closed 12.2% higher at 64.80p, after it had fallen on Tuesday to its lowest since late 2015.

September 26, 2017

Lucara sells world’s second-largest diamond for $53 million

London-based Graff Diamonds paid nearly $47,777 per carat

September 26, 2017

Brazil’s president revokes decree allowing mining in Amazon

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

September 25, 2017

Investors wary as Tanzania moves to assert more control over mines

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects

September 25, 2017

Stellar Diamonds pays for the Tongo environmental licence

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence.

September 21, 2017

Alrosa finds gigantic pink diamond, likely its most expensive one

Alrosa is currently trying to decide on whether to sell the 27.85-carat rock as a rough diamond, or cut and polish it.

September 21, 2017

South African workers union to strike at Petra Diamonds’ Koffiefontein mine

The National Union of Mineworkers said on Thursday its members would go on an indefinite strike at the mine over wages, benefits.

September 20, 2017

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

September 20, 2017

De Beers partners with UN to empower women in its diamond producing countries

It will invest US$3 million to advance the prospects of women and girls by addressing key priority areas.

September 20, 2017

Tanzania orders wall built around tanzanite mines, purchases of stones

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.