June 28, 2017

Petra Diamonds warns output to fall short, shares crash

The company, which owns the Cullinan mine that has produced the two largest diamonds in the British Crown Jewels, said output and revenue will be lower than market expectations.

June 27, 2017

Gemfields shares collapse on imminent delisting

The South African firm has secured control of the gemstones producer and plans to delist it.

June 26, 2017

Pallinghurst shareholders back acquisition of Gemfields

Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.

June 21, 2017

Revised South African charter poses threat to miners, says Moody’s

Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow generation.

June 21, 2017

Gemfields stock hit by Pallinghurst’s move to lower approval threshold for its bid

South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.

June 20, 2017

De Beers diamond sales up 1.5%

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.

June 20, 2017

China’s Fosun sweetens offer for Gemfields

The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”

June 20, 2017

Alrosa finds 62.75-carat diamond at prolific Jubilee pipe

The miner's Jubilee pipe is famous for its large finds.

June 15, 2017

DMCC and ALROSA extend cooperation in Moscow meeting

World leading diamond mining company looks to grow with DMCC and Dubai

June 15, 2017

De Beers sends world’s top diamond-searching ship to explore off coast of Namibia

Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De…