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.

Today

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.

Today

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...

Today

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...

Today

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...

Yesterday

From mining house to home office: SA mining is bidding adieu to HQ

20 october 2020

(miningmx.com) - South Africa’s mining ‘houses’ were so described to convey the sense of sprawling corporatisation that through time came to typify the ownership patterns of country’s mineral resources. But to call a thing a house also implies a physical confidence. Thus, Johannesburg’s Main Street had its tapestried Anglo American headquarters; Fox Street was where Gold Fields of SA resided with its airy, marbled reception in front of which the bust of founder, Cecil John Rhodes, stood, atop a plinth; a piece of statuary that would surely be in jeopardy today. Consolidated Building, opposite the JCI building on Harrison Street (until it was sold for R6m following the company’s dissolution) contained a charming, hand-operated lift, reputed to date from when Johannesburg really was just a mining town. All history now, especially as Anglo American confirmed in an e-mail that it was pressing ahead with its move to new offices in Rosebank from Johannesburg, notwithstanding the adoption of work from home practices that will continue after the Covid-19 pandemic.