June 11, 2024

Gemfields picks ex-De Beers boss Bruce Cleaver as new chair

Bruce Cleaver, who was at the helm of De Beers for seven years to 2023, takes the position effective July 1.

June 10, 2024

Botswana in talks to raise stake in De Beers

President Mokgweetsi Masisi also said the government will play a central role in selecting a new investor to replace Anglo at De Beers.

June 6, 2024

Botswana may raise De Beers stake as Anglo weighs spin-off

The government owns a 15% stake in De Beers and Botswana accounts for 70% of the company's annual rough diamond supply.

June 6, 2024

Gemfields unveils early gold estimates for Mozambique project

Resource estimate for the Nairoto project suggests the presence of 103,000 ounces of gold averaging over two grams per tonne.

June 5, 2024

De Beers aims to rebrand as top jewellery group

De Beers seeks becoming a leading luxury jewellery retailer as it reels from weak market conditions and the failed BHP bid for Anglo American.

June 4, 2024

Gem Diamonds finds 172-carat stone at Letšeng

This is the seventh diamond greater than 100 carats the company has recovered this year at the prolific mine in Lesotho.

June 3, 2024

De Beers ditches lab-grown diamonds as it looks beyond Anglo

De Beers will turn its focus on so-called category marketing, where it promotes diamond jewelry in general rather than just its own branded gems.

June 3, 2024

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

The proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023.

May 31, 2024

Botswana’s Debswana diamond sales fall 48% in first quarter

In the first quarter, Debswana sold diamonds worth $560.9 million, from $1.085 billion registered in the same period last year.

May 30, 2024

How a rattled South Africa became Anglo’s best defence against BHP bid

More than 20% of Anglo shares are held by South African investors.