Diamond market crash is Africa’s opportunity, not its crisis – M'zée Fula Ngenge

Global natural diamond supply is forecast to fall below 95 million carats this year, the lowest since 1987. For Dr. M'zée Fula Ngenge, chairperson of the African Diamond Council (ADC), this is not a death knell but a clarion call. In an exclusive...

12 october 2026

Tracr passes 5 million rough diamonds milestone as De Beers expands provenance push

De Beers Group's blockchain-enabled traceability platform Tracr reached a significant milestone in 2025, with more than 5 million rough diamonds individually scanned and registered, up from 2.8 million cumulative registrations reported in 2024. The...

28 september 2026

South African diamonds head to Hong Kong: SDT partners with BRINKS for JGW 2026

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David Benderly: PermaScribe seeks to put trust mark on diamond table, not just girdle

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31 august 2026

The great reset: Paul Zimnisky on supply catharsis, De Beers' bargain and the case for natural diamonds

The natural diamond industry is in the throes of its most profound reset in a generation. Supply is plunging to its lowest level since 1987 and De Beers—once valued at over $9 billion—is reportedly being sold for as little as $1 billion.
Lab-grown...

10 august 2026

Another mine dam wall collapses at SA’s disused Jagersfontein diamond mine

29 september 2022
A mine dam wall at South Africa’s Jagersfontein diamond mine in Free State province has collapsed just two weeks after a similar incident took place at the disused mine, killing one person while two are still missing.
Reuters, citing an unnamed provincial government official, reports that there were no instant reports of any casualties or fatalities from the latest dam wall collapse.
The provincial government was still establishing the extent of the deluge.
The dam held liquid mine waste from a tailings reprocessing operation.
The Department of Social Development said some people from 187 households lost all their belongings, while 164 backyard vegetable gardens were damaged by the sludge from the first accident. 
De Beers sold the mine and tailings in 2010 to Superkolong Consortium, which comprised black investors.
However, Stargems bought the mine and the surrounding dry tailings dumps last April and remain the owner and operator through its South African subsidiary Jagersfontein Developments.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished