Alrosa flags smaller-than-expected decline in annual diamond output

Alrosa flags smaller-than-expected decline in annual diamond output

Russian diamond producer Alrosa said on Tuesday that its 2025 output would amount to 29.7 million carats, beating its previous forecast but down 10% on last year.
Petra announces permanent appointment of joint CEOs, director changes

Petra announces permanent appointment of joint CEOs, director changes

Petra Diamonds has announced a series of board appointments following its AGM on November 27, including that of Vivek Gadodia and Juan Kemp as permanent joint CEOs of the company.
Kimberley Process fails to reach consensus on redefinition of conflict diamonds

Kimberley Process fails to reach consensus on redefinition of conflict diamonds

The World Diamond Council (WDC) has expressed “profound regret” that a small number of Kimberley Process (KP) participants blocked consensus on the long-awaited reforms it said were designed to strengthen protections for Africa’s diamond-mining communities.
Lucara reports $51.2m in revenue, advances Karowe underground project

Lucara reports $51.2m in revenue, advances Karowe underground project

Lucara Diamond sold 101 422 ct during the quarter ended September 30, generating $51.2-million in revenue.
Botswana and Angola hold talks as both seek control of De Beers

Botswana and Angola hold talks as both seek control of De Beers

The mining ministers of Botswana and Angola held talks in Botswana's capital on Friday on cooperation in the diamond sector, as the two Southern African countries seek to take control of Anglo American diamond unit De Beers.
Angola says national budget will not fund Endiama’s De Beers bid

Angola says national budget will not fund Endiama’s De Beers bid

Angola will not fund state-owned miner Endiama's proposed acquisition of a stake in De Beers through the national budget, Finance Minister Vera Daves de Sousa said on Friday.
Angola diamond production totals 10.7Mct in January-September

Angola diamond production totals 10.7Mct in January-September

Angola's rough diamond production reached 10.7-million carats in the nine months to September, a government official said on Friday, as the country targets another record haul this year.
Gem flags lower third-quarter output on the back of cost reduction measures

Gem flags lower third-quarter output on the back of cost reduction measures

Gem Diamonds, which operates the Letšeng mine, in Lesotho, reports that decisive measures to conserve cash have been completed, with the anticipated $1.5-million in monthly saving having been realised from September.
Petra achieves solid first-quarter performance

Petra achieves solid first-quarter performance

Petra Diamonds, which owns and operates the Cullinan and Finsch mines, in South Africa, produced 609 336 ct of diamonds in the quarter ended September 30 – the first quarter of its 2026 financial year.
Moody’s cuts Botswana’s rating by a notch to ‘Baa1’ amid diamond industry slump

Moody’s cuts Botswana’s rating by a notch to ‘Baa1’ amid diamond industry slump

Global credit ratings agency Moody's downgraded Botswana's rating to 'Baa1' from 'A3' on Friday, citing the government's challenges in adjusting to a structural downturn in the diamond industry and increasing government debt.