$127m Diamond Loss for Rio Tinto
Rio Tinto reported a $127m loss for 2024 from its Diavik diamond mine, in Canada, as weak[…]
Environmental Backlash over Diamond Foundry Factory
Diamond Foundry, which has just opened a lab grown factory in Trujillo, western Spain, is facing an[…]
Cost-Cutting Helps Sarine Return to Profit
Sarine says cost reductions and efficiency improvements allowed it to reverse a $2.8m loss in 2023 into[…]
Botswana, De Beers sign overdue diamond deal
Botswana’s government signed on Tuesday a long-delayed diamond mining and sales agreement with Anglo American unit De[…]
Lucara hits annual diamond production record
Canada’s Lucara Diamond achieved record-breaking production in 2024, highlighted by the recovery of two exceptional stones at[…]
Anglo American writes down value of diamond firm De Beers by $2.9bn
The world’s biggest diamond miner, De Beers, cost its parent company almost $3bn last year as the[…]
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Anglo American’s troubled ownership of the De Beers group was brought into fresh focus on Thursday as[…]
40% harder Than natural diamonds: Chinese scientists synthesize ‘super diamond’
Chinese scientists synthesized an artificial "super diamond" that is 40% harder and far more durable than natural[…]
Smithsonian Acquires One of the World’s Largest “Fancy Red” Diamonds
Winston Red Diamond Will Be Unveiled to the Public at the National Museum of Natural History Alongside[…]
Duffy resigns as Petra CEO, interim revenue knocked by market weakness
Independent mining group Petra Diamonds, which owns and operates diamond mines in South Africa