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Botswana and a consortium leading the race to acquire De Beers are close to agreeing on their future ownership stakes, potentially clearing the way for Anglo American to exit the diamond miner, according to Bloomberg.

Yesterday

Petra Diamonds subsidiary ordered to wind up over unpaid tax

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LVMH’s watches & jewellery division revenue rose 8% in the first nine months of 2026

The Watches & Jewellery division of the French conglomerate LVMH, home to over 75 world-renowned luxury brands, recorded an 8% organic revenue growth during the first nine months of 2026 thanks to strong jewellery demand, despite a challenging economic...

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Russian companies to increase investment in PGM exploration by 17% in 2026

In 2026, Russian companies will increase their investment in the exploration of platinum group metals (PGM) by 17%, with the total reaching nearly 2 billion rubles ($23 million), the Russian Ministry of Natural Resources and Environment...

Yesterday

Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices

Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...

14 october 2026

Rio Tinto Argyle diamond mine's future may decide fate of Australian industry

20 february 2020

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Argyle Diamond Mine                                                                                                               Image credit: Rio Tinto


(abc.net.au) - The East Kimberley mine, 3,000 kilometres north of Perth, produces more than 90 per cent of Australia's diamonds and is one of the few known sources of pink diamonds in the world. Although it is not known exactly when Argyle will shut down, Rio Tinto's current estimates only indicate enough economic reserves to support production through to late 2020. But as one door closes, a new chapter begins; with the mothballed Ellendale mine that once produced half the world's fancy yellow diamonds, being given a new lease on life.