Notwithstanding the recent softening of the diamond market and issues that have affected production at the Cullinan and Finch diamonds mines, Petra Diamonds remains in a strong position, being considerably more resilient through its strengthened balance sheet and the implementation of its operating model, together with ongoing cash generation. Petra

Global mining major Rio Tinto is exploring commercial options for its Fort à la Corne (Falcon) joint venture (JV) project, in Saskatchewan, partner Star Diamond said on Friday. Citing a Rio Tinto Canada memo, Star Diamond said that the project continued to be on care-and-maintenance and that the major was

De Beers told its diamond buyers they can purchase stones on sweetened terms at its next sale, in the first sign the market is slowing after a bonanza that started during the global pandemic. The diamond industry was one of the surprise winners as the world economy rebounded from the

Angolan State diamond marketing company Sodiam plans to hold a rough diamond tender in Luanda, Angola, with viewings to take place between October 24 and November 14 at Sodiam’s offices. The online-only bid submission will end on November 15 at 10:00, with the sale exclusively targeting Sodiam-registered customers that have

London-listed Botswana Diamonds has entered into a data licence agreement with fellow-listed Petra Diamonds to gain access to the full library of data on the Reivilo kimberlite cluster. Botswana Diamonds was recently awarded a prospecting licence over the Reivilo prospect, with Petra having been the prior holder of the licence.