London-listed Petra Diamonds says it has successfully closed sales for about 80% of the volume of diamonds on offer during its fourth tender cycle for its 2022 financial year ending June 30. About 589 100 ct have been sold for $110-million, at an average price of $188/ct.

Vancouver-headquartered Lucara Diamond Corporation achieved a more than five-fold year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $102.5-million for the financial year ended December 31. That compares with the adjusted Ebitda of $18.4-million reported for the 2020 financial year. Lucara has attributed the increase primarily

Namibia has consistently maintained its position as one of sub-Saharan Africa’s primary mining investment destinations, with increased investment in minerals such as cobalt, lithium and co

It’s great to see such a healthy demand for this great industry, De Beers Group CFO Sarah Kuijlaars said after posting a set of stunning financial results for the world’s leading diamond company by value. Underlying 2021 earnings before tax, depreciation and amortisation soared to $1 100-million from $417-million in 2020