Cartier owner weighs De Beers bid with Signet
Cartier owner Richemont and U.S. jewellery retailer Signet Jewelers (NYSE: SIG) are discussing joining a consortium bidding for Anglo American’s (LSE: AAL) controlling stake in…
Diamond
Mountain Province gives De Beers 49% of Gahcho Kué
Diamond-market weakness pushes the Canadian miner to shed mine liabilities and seek fresh funding for its balance sheet.
Gem Diamonds rebounds as big stones lift profit
Gem Diamonds (LSE: GEMD) swung back to profit in the first half of the year as stronger prices for large diamonds from the Letšeng mine…
De Beers’ $18B diamond empire could fetch $1B
De Beers, the former diamond monopoly once valued at more than $18 billion (C$25 billion), could sell for about $1 billion as Anglo American (LSE:…
Ex-De Beers chief leads bid for diamond giant
Anglo American (LSE: AAL) has selected a consortium led by former De Beers chief executive Gareth Penny as the preferred bidder to acquire its diamond…
De Beers idles South Africa’s top diamond mine
De Beers will suspend production at its Venetia mine, South Africa’s highest-value diamond operation, for two years as the company cuts costs and streamlines its…
De Beers cuts diamond prices, axes 25 elite buyers
Giant diamond miner De Beers has made sweeping cuts to its official prices at its first sale since culling nearly a third of its handpicked…
Petra Diamonds cuts threaten 1,800 jobs, union says
South Africa’s largest mining union says workers are being unfairly blamed for industry pressures as Petra Diamonds restructures its Finsch and Cullinan operations.
De Beers finds Gen Z driving diamond demand rebound
Younger consumers are spending more on mined diamonds, offering fresh support for Africa’s key producers.
Canada bets on workforce alliance to fill mining jobs
Canada has launched a new industry-led alliance to address labour shortages in mining and minerals as the sector faces rising demand for critical minerals, new…
Petra Diamonds sidelines Finsch mine, cuts jobs
Petra Diamonds (LSE: PDL) is placing its Finsch mine into business rescue and cutting jobs across its South African operations as collapsing diamond prices and…
Gem Diamonds’ large stones lift quarterly revenue
Gem Diamonds’ (LSE: GEMD) posted $32.1 million in revenue for the quarter ended March 31, driven by sales of large high-value diamonds despite lower overall…