A natural diamond is made from carbon and is the hardest natural known substance on earth. Natural diamonds are created over a period of one to three billion years, many kilometres below the earth’s mantle under natural conditions of very high pressure…
New natural diamond council launched Read More »
Driven by significantly reduced diamond prices, especially in its March tender, diamond miner Petra Diamonds reports a drop in revenue of 32% year-on-year to $91.3-million for the third quarter of the financial year ended March 31.
Reflecting stable m…
Petra Diamonds experiences Covid-19-influenced drop in diamond sales Read More »
The Democratic Republic of Congo has suspended the board of directors and management of state-controlled diamond mining company MIBA, after an audit revealed significant irregularities, the government said in a statement. The audit identified a host of…
Congo suspends board and management of State diamond miner MIBA Read More »
Botswana Diamonds PLC [BOD-AIM, BSE] announced that it has concluded the processing of two bulk samples…
Botswana Diamonds recovers over 100 macro diamonds Read More »
In its latest newsletter, the South African Diamond Producers Organisation (Sadpo) has advised that diamond producers hold back on production and sales, as the rough diamond market remains under immense pressure.
Sadpo says the rough diamond market, …
Sadpo suggests diamond stocks be held back until market improves Read More »
Aim- and BSE-listed Botswana Diamonds (BOD) has concluded the processing of two bulk samples taken from the Marsfontein diamond development project, in Limpopo; the samples of which comprised 58 t of fresh high-interest kimberlite and 62 t of kimberlit…
Botswana Diamonds recovers over 100 diamonds from Marsfontein bulk sampling Read More »
Alexkor’s administrator Lloyd McPatie has said the diamond mining company is trading recklessly and cannot meet its financial obligations.
Briefing the Portfolio Committee on Public Enterprises and the Select Committee on Public Enterprises and Commun…
Administrator says Alexkor, partner is mismanaged and insolvent Read More »
Alexkor’s administrator Lloyd McPatie has said the diamond mining company is trading recklessly and cannot meet its financial obligations.
Briefing the Portfolio Committee on Public Enterprises and the Select Committee on Public Enterprises and Commun…
Administrator says Alexkor, partner mismanaged and insolvent Read More »
Struggling miner Dominion Diamond Mines, which filed for insolvency protection last month, has reached an agreement to sell substantially all its assets in a transaction that will allow mining operations at Ekati to resume and avoid bankruptcy.
The co…
Dominion Diamond reaches agreement to sell substantially all its assets Read More »
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would…
Dominion Diamond unveils plan to avoid bankruptcy Read More »
