For the past six months, the global diamond hubs in Antwerp, Belgium, and Mumbai have been at a standstill, with cutting and polishing factories closed and trading floors shuttered. Now, a capitulation on prices by the biggest miners is sparking the industry back to life. After refusing to budge on

TSX-V-listed Diamcor Mining has announced that it will publish its financial results for the year ended March 31 on September 14, in accordance with an extension granted by the relevant authorities. The company, which owns the Krone-Endora at Venetia diamond project, in South Africa, initially intended to publish its full-year

Russian diamond miner Alrosa joined rival De Beers in cutting prices for its gems, but with a twist — the company changed its billing system so buyers can’t tell which stones are discounted, or by how much. The two biggest producers for months refused to cut prices even as sales

South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the JSE-listed company’s presentation of half-year results covered

Zimbabwe’s second-largest diamond miner sees demand picking up, after the coronavirus pandemic forced RioZim to halt sales in March amid slumping gem prices. With jewelry stores closed, cutters and polishers stuck at home and global travel at a standstill, the diamond industry ground to a halt over the past six months.

The Botswana government said there was no guarantee that it would be able to renew a new 10-year sales agreement with De Beers before the end of December, when the current one expires, as the coronavirus pandemic has delayed negotiations. “The ideal situation would be to end the talks by