The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a matter of months, they’ve suddenly found buyers. The huge stockpile was built up when the diamond world came to a standstill during the height of the

Debswana Diamond Company, a joint venture between the Botswana government and Anglo American’s De Beers, said on Friday that its new business strategy adopted last year should enable it to create at least ten-billion pula ($924-million) in additional revenue over the next four years. The five-year strategy, adopted at the

Diamond miner De Beers’ Venetia mine, in partnership with contracting partner BMH Africa, on April 23 launched a programme to develop skills in the construction industry and ultimately enhance the local skills base. The programme, which is part of De Beers Group’s Socio-Economic Development strategy in Venetia mine’s host communities

TSX-listed junior diamond miner Diamcor Mining – in its first tender and sale of rough diamonds recovered from the processing of quarry material from its Krone-Endora at Venetia project during its new fiscal year starting April 1 – tendered and sold 2 122.76 ct. The sale generated initial gross revenue for

Diversified miner Anglo American managed to meet strong customer demand during the quarter ended March 31, despite some limited constraints at certain operations as a result of Covid-19, CE Mark Cutifani says. He notes that production for the quarter was achieved at 95% of normal operating capacity.

London-listed Gem Diamonds recovered 29 010 ct of diamonds from its 70%-owned Letšeng mine, in Lesotho, in the quarter ended March 31, an increase from the 26 110 ct produced in the first quarter of 2020. Gem sold 26 919 ct of diamonds and generated revenue of $43.9-million. The average price achieved for