Diamond miner De Beers sold $450-million of rough diamonds through sightholder sales and auctions in the ninth sales cycle of this year. This is an improvement on the $400-million of diamonds sold during the ninth sales cycle of 2019, but slightly lower than the $467-million of diamonds sold during the

London-listed Petra Diamonds has posted a net loss of $223-million for the financial year ended June 30 – an improvement on the net loss after tax of $258-million reported for the 2019 financial year. The loss included a non-cash impairment charge of $91.9-million, whereas the loss for 2019 had included

The Ekati diamond mine, in Northwest Territories, is being prepared for a restart, with 60 furloughed employees to be recalled with effect from early December. Owner Dominion Diamond says it is recalling employees in anticipation of an agreement to restructure its debt and to fund the company. An agreement with

Dual-listed Botswana Diamonds has announced that all conditions precedent for the acquisition of Sekaka Diamonds have been satisfied. The transaction, first announced in July, has been approved by Petra’s lenders and noteholders, as well as by the Botswana Minister of Mineral Resources, Green Technology and Energy Security. Sekaka was Petra’s