August 1, 2023

Diamond sales at Debswana slump 17% on weak demand

Debswana sold diamonds worth $2.179 billion in H1, compared to $2.622 billion in the same period last year.

July 27, 2023

Tectonic breakup generates diamonds, researchers find

Study could shape the future of the diamond exploration industry, informing where diamonds are most likely to be found.

July 25, 2023

De Beers $2.3bn Venetia mine expansion yields first diamonds

De Beers stopped its 30-year open pit mining operations at Venetia last year to transition to the underground section of the mine.

July 23, 2023

New draft decree proposes limiting issuance of mining titles in Colombia’s vulnerable ecosystems

Colombia’s government made public a draft decree aimed at setting new criteria for establishing temporary natural reserves within the context of mining and environmental regulations.

July 18, 2023

Lucara underground Karowe diamond mine cost jumps 25% to $683m

Underground production will be delayed to the first half of 2028, rather than the second half of 2026.

July 18, 2023

Petra Diamonds misses production target for 2023 on lower grades

It produced 2.67 million carats for the year to June 2023, down by 20% from fiscal 2022 and below its guidance of 2.75-2.85 million carats.

July 14, 2023

De Beers deal is boon for Botswana’s economy, president says

Under the new accord, Botswana’s state-owned diamond trader will get 30% of the output from Debswana.

July 4, 2023

Lucapa Diamond achieves debt-free status

The diamond producer is now interest-bearing debt free, having repaid about $20 million over an 18-month period.

July 3, 2023

De Beers-Botswana deal signals rocky road for rough diamonds

De Beers, along with the rest of the global diamond sector, is facing headwinds from a 6.5% drop in diamond prices in the year to date.

July 2, 2023

De Beers agrees to give Botswana more rough diamonds in new sales pact

A new deal gradually increases to 50% the share of rough stones Botswana gets from its joint venture with De Beers.