Petra first half revenue nosedives

Petra Diamonds realised revenue of $115 million in the six months ended 31 December 2024 (H1 FY 2025), a 30% drop compared to $164 million, a year earlier.

Today

Anglo American reveals demerger timeline for Amplats

Anglo American has announced the timeline for the demerger of its 67%-owned Anglo American Platinum (Amplats), which is scheduled for June.

Today

Unique polished diamond manufactured in Russia from record-breaking HPHT stone

As previously reported in Rough&Polished publications, scientists in St. Petersburg have used the HPHT method to grow one of world’s largest (70.72 carats) nitrogen-free diamond monocrystals. A 70.72-carat colorless, type IIa stone was used to...

Today

India emerges as diamond cutting and polishing hub amid slowing US and China markets

Amid slowing activity in key markets - the US and China - India is emerging as a major diamond cutting and polishing hub, said Amit Pratihari, managing director of De Beers India. De Beers is a major supplier of rough diamonds to India.

Today

Zimbabwe eyes $950m for new mining firm

Zimbabwe’s State miner, Kuvimba Mining House, wants to raise $950 million to develop lithium, platinum, and gold assets.

Yesterday

One of the World’s Biggest Diamonds Could Be Key to Some of the World’s Fastest Microchips

12 january 2024

By Christopher Mims

(wsj.com) - Microchips are hot. Literally. As engineers cram more functions and power into chips, they require more energy and, thus, produce more heat than ever before. To beat that heat, which limits the performance of the computers and other gadgets we use, Silicon Valley is looking to some surprising materials.