I have been asking many diamond industry leaders about the prospective threat of synthetic diamonds to the natural ones since last 7 years but most
Johannesburg: Petra Diamonds is on track to reach 5-million carats by 2019 as it deepens two key mines in SA, positioning it to overtake De
Gaborone: In an unprecedented move and a sign of the diamond industry’s deepening crisis, De Beers is letting sightholders put off buying up to 75
Gaborone: Global diamond giant, De Beers Group, which is 85-percent owned by Anglo American, has revised its production guidance for 2015 to 29 million carats
The global diamond industry has been passing through a bad phase with weak demand, increasing rough prices, diminishing supply and stagnant polished prices. Banks have
Gaborone: De Beers July sight is said to have raked in about $200 million amid the rejection of some goods by sightholders. Rapaport reports that
Gaborone: The Government of the Republic of Namibia and De Beers announced agreement yesterday, in principle, on the terms of a new 10-year sales agreement
Gaborone: De Beers—which became the star unit of parent company Anglo American following soaring sales in 2014—reported a 26 percent drop in sales in carat
Gaborone: De Beers’ customers declined to buy about a third of the diamonds offered for sale this week by the world’s biggest producer, according to
Gaborone: De Beers will allow sightholders to defer as much as 25 percent of their supply at next sight, taking place between July 13 &
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