Anglo flags third De Beers writedown
Anglo American (LSE: AAL) is weighing a third writedown of De Beers in as many years as weak diamond prices persist and the miner advances asset sales ahead of its…
Diamond
Gemfields auction revenue drops 34%
Gemfields (LSE: GEM; JSE: GML) said its annual auction revenue fell 34% to $129 million in 2025, underscoring a sharp slowdown in the coloured gemstone market that mirrors conditions in…
Petra’s 42-ct blue diamond sparks hope for miners
Africa-focused Petra Diamonds (LSE: PDL) has unearthed an ultra-rare blue diamond weighing just under 42 carats at its Cullinan Mine in South Africa, a discovery that could sell for as…
Taylor Swift’s vintage ring shines new light on diamond industry
Some in the battered diamond industry believe an unlikely figure, pop star Taylor Swift, may have done more to revive interest in natural diamonds than years of marketing campaigns. Diamond…
US focus on Greenland grab misguided: analysts
United States officials are misguided if they think gaining control of Greenland will give them access to a wealth of resources capable of shrinking overnight the country’s critical minerals reliance…
Lucara Diamond backs Karowe expansion
Canada’s Lucara Diamond (TSX: LUC) is pressing ahead with its plan to extend the life of the Karowe mine in Botswana after an updated feasibility study showed the underground project could…
Diamond slump deepens in 2025 as lab-grown bites
The diamond industry is now shifting from growth to triage, with survival tied less to geology and more to branding.
Kimberley Process stalls again on conflict diamonds
The Kimberley Process (KP) has failed for a third straight year to agree on an expanded definition of conflict diamonds after a five-day plenary in Dubai. Delegates from 86 member…
US plan to boost Africa mining ties needs work: analyst
Recent United States initiatives aimed at developing closer ties with resource-rich African countries to break China’s stranglehold on critical minerals processing are still a long way from paying off, according…
Angola challenges Botswana in De Beers bid
Angola’s state diamond company Endiama has submitted a formal bid for Anglo American’s (LSE: AAL) majority stake in De Beers, in a sharp shift from its earlier position of seeking…
Petra Diamonds seeks $25M lifeline as market slumps
Africa-focused Petra Diamonds (LSE: PDL) has launched an £18.8-million (US$25-million) rights issue as part of a crucial refinancing strategy aimed at keeping the Africa-focused miner afloat during a severe downturn…
Illegal miners kill two cops at Gemfields ruby mine
Two police officers were killed earlier this week during an attack at Gemfields’ (LSE: GEM; JSE: GML) Montepuez ruby mine in northern Mozambique. About 40 illegal miners marched on the…