De Beers is selling diamonds for less and the industry isn’t happy
World’s No.1 diamond miner will let buyers refuse some lower-quality stones, just as it gets ready to begin selling synthetic stones.
Latest Stories
Construction starts at biggest undeveloped copper deposit in Russia
With total reserves of around 26.7 million tonnes of copper, Udokan is the largest undeveloped copper deposit in Russia and one of the biggest in the world.
Some warehouse firms want LME to change delivery rules, lengthen queues
Now, some warehouse firms are pushing the idea of replacing all rules with one that obliges warehouses to load out 1.5 percent of total stocks per day.
South Africa’s Sibanye launches $400m bond buyback
Sibanye said in a statement that it would fund the tender offer from existing cash resources.
Chaarat Gold ups Kyrgyz Republic project resource by 46 pct
The Central Asia-focused explorer and developer said Tulkubash’s measured and indicated resource is now over 1.4 million ounces of gold, while the grade also rose 57% to 1.35g/t gold.
Tahoe’s Escobal mine licence to remain suspended — Guatemalan court
Guatemala's highest court ruling says mining operations will be suspended until government carries out consultation of the local indigenous people.
Mercedes unveils first Tesla rival in $12B attack
Mercedes-Benz, the world’s largest maker of luxury cars, is rolling out its first in a series of battery-powered models.
Eastern Goldfields suspends Davyhurst gold operations
More than 30 workers have been made redundant.
De Beers will allow buyers to reject cheap diamonds
This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.
