News
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
Is now the time to invest in South African gold mining?
19 june 2020
(miningreview.com) - The gold price may be booming but it’s unlikely to attract any investment into South Africa’s mines. Gold has historically been a safe haven in times of uncertainty. With economies and stock markets around the world crashing as a result of the ongoing COVID-19 pandemic, investors have once again flocked to buy with demand resulting in the commodity reaching a 7 year high of >$1,700/oz in recent days.
Urgent plea to allow struggling alluvial diamond sector to create jobs
18 june 2020
(m.miningweekly.com) - The discovery of alluvial diamonds in the unique secondary deposits of the Middle Orange River downstream of Hopetown in South Africa in 1867 was the catalyst that initiated the development of the mining industry in Southern Africa. But compared with its heyday between the 1990s and early 2000s, today’s junior diamond mining sector is but a shadow of its former self, says the South African Diamond Producers Organisation (Sadpo) deputy chairperson Lyndon De Meillon. Independent studies have shown that the sector has shrunk by 90% over the past 20 years, mainly because of poor legislation and over-regulation. Now, Sadpo is making an urgent plea to government to allow it to use wonderful new technology to resuscitate itself and simultaneously relieve desperate unemployment in a number of areas where alluvial diamond mining by juniors is struggling intensely. All that is needed is recognition of the unique nature of this mining and the removal of red tape.
De Beers and Boston Consulting face lawsuit over alleged IP theft
17 june 2020
() - Diamond company De Beers and Boston Consulting Group (BCG) were recently sued over a blockchain patent. The case was filed in the U.S. Southern District Court of New York by Max Rady, an individual who claimed that both De Beers and BCG committed patent infringement, breach of contract, misappropriation of trade secrets, and more. Was this patent infringement?
EHR enters into diamond exploration alliance agreement in Botswana
16 june 2020
(miningweekly.com) - ASX-listed EHR Resources has entered into an exploration alliance agreement with Diamond Exploration Strategies (DES), a privately owned company focused on diamond exploration in Botswana. Under the terms of the agreement, EHR will provide funding of $1.5-million over three years to finance exploration activities and earn 50% ownership of any discoveries made. The alliance is initially over five areas that have existing prospecting licences, but extends to cover other prospective areas of Botswana that may be identified.
Diamond manufacturing hub begins to re-open
15 june 2020
(northernminer.com) - After being closed for almost two months due to the coronavirus pandemic, the diamond manufacturing hub of Surat, India, where most of the world’s rough diamonds are cut and polished, reopened in a more formal, but limited, capacity on May 20. However, a ramp-up in business to pre-pandemic levels could take months as many industry workers left the city to return home to rural villages in March, April and May due to a lack of work amidst the lockdown. As of June, the larger manufacturers that have resumed business are operating with an estimated workforce of less than 50%.
