Botswana, De Beers suitor near deal on ownership stakes – report

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

Petra Diamonds has confirmed that a winding-up order has been made against its wholly owned indirect subsidiary, Petra Diamonds UK Treasury Limited (PDUK Treasury), following a petition by HM Revenue & Customs.

Yesterday

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...

Yesterday

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

Diamond mines’ production, virus safeguards ongoing

27 march 2020

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Gahcho Kue Diamond Mine                                                                                                               Image credit: De Beers


(nnsl.com) - The territory’s three diamond mines are implementing precautions to guard against the spread of COVID-19 but were still operating as usual in mid-March. De Beers, which runs the Gahcho Kue mine has started a rostering system at its Calgary operational support centre where half of its staff work in the office and half from home, said spokesperson Terry Kruger. Dominion Diamond Mines has implemented several safety measures while production is ongoing at its Ekati site. Non-essential work travel for employees is restricted and visitors to Ekati and the corporate offices are also restricted, a company spokesperson told NNSL Media. Safeguards related to Rio Tinto’s Diavik mine remain in place as the mine still functions at full capacity, a spokesperson said. The company has asked all employees to re-assess their need for travel and non-essential travel has been postponed in some regions.