Wanblad says Anglo not exclusive with any consortium on De Beers sale

Wanblad says Anglo not exclusive with any consortium on De Beers sale

Anglo American CEO Duncan Wanblad said on Thursday the company was "not exclusive with any consortium" on the sale of its diamond unit De Beers.
De Beers makes deep diamond price cuts for shrinking buyers club

De Beers makes deep diamond price cuts for shrinking buyers club

De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its years-long campaign to hold them well above the market rate.
Canadian diamond miner Mountain Province to soon delist from TSX

Canadian diamond miner Mountain Province to soon delist from TSX

Mountain Province Diamonds continues to pursue a potential restructuring transaction among its shareholders and creditors, which may include a "go-private" transaction, share consolidation or one or more other transactions, the company received the requisite approval of shareholders to voluntarily delist the company's shares from the TSX and to continue the company from Ontario under the Business Corporations Act.
Diamond council reminds industry revised System of Warranties deadline is nearing

Diamond council reminds industry revised System of Warranties deadline is nearing

Industry body the World Diamond Council has highlighted that the transition period to its revised System of Warranties will conclude on September 21.
Petra places Finsch mine in business rescue

Petra places Finsch mine in business rescue

Amid continued weakness in the diamond market, London-listed Petra Diamonds has decided to place its Finsch mine, in South Africa, in business rescue in order to protect the overall business.
De Beers’ loss widens to $511m amid ongoing diamond market challenges

De Beers’ loss widens to $511m amid ongoing diamond market challenges

A lower average rough price index and stock rebalancing initiatives had a significant impact on diamond miner De Beers’ earnings for the 2025 financial year, resulting in an underlying loss before interest, taxes, depreciation and amortisation of $511-million, compared with a loss of $25-million in 2024.
Diamond slump pushes Botswana to broaden mining base

Diamond slump pushes Botswana to broaden mining base

Countries built on diamonds are moving to diversify their mining sectors as one of the deepest slumps in years exposes the risks of relying on the precious stones alone.
Gem exceeds production

Gem exceeds production

Gem Diamonds, which owns and operates the Letšeng mine, in Lesotho, recovered 90 354 ct of diamonds and sold 88 381 ct of diamonds in the financial year ended December 31.

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.