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.

Yesterday

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.

Yesterday

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...

Yesterday

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.

Yesterday

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.

17 february 2025

Diamonds lose their sparkle as prices come crashing down

29 january 2025

By James Tapper

(theguardian.com) - Diamonds are woven through the tapestry of human history. The ancient Greeks were enthralled by their remarkable hardness. The Koh-i-Noor alone has been at the centre of invasions, murder, superstition and larceny. Millions of marriages have been launched using diamonds as the symbol of their everlasting lustre.