Petra buys South Africa’s second largest diamond mine from De Beers

Botswana's economy is expected to grow 3% to 4% in 2025 after a contraction last year.

A 2023 survey showed that 25 of 34 minerals deemed "critical raw materials" by the European Commission were found in Greenland.

Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.

LGD prices are falling because their manufacturing costs also keep dropping, while slow demand is pulling down natural diamond prices.