De Beers is set to announce another reduction in its 2024 production forecast due to deteriorating market conditions, particularly in China, IDEX Online reports.   Duncan Wanblad, CEO of De Beers’ parent company Anglo American, stated that his team is “actively assessing options with our partners to further reduce production

The global value of rough diamonds mined in 2023 dropped by over 20%, from $16 billion in 2022 to $12.7 billion, according to the latest Kimberley Process (KP) figures as quoted by IDEX Online.   Year-to-year, the volume of diamonds mined decreased by 7.6% to 111.5 million carats, with the

Gem Diamonds has recovered its eighth diamond over 100 carats this year from its Letseng mine in Lesotho. This marks a significant turnaround for the UK-based company, which only recovered five such diamonds in all of 2023.   The latest find is a 123.20-carat Type II white diamond, discovered on