Gem Diamonds finds yet another big stone in Lesotho

Africa-focused miner Gem Diamonds (LON: GEMD) has unearthed a new major Type II white diamond at its prolific Letšeng mine in Lesotho, barely six days after the previous find. The 118.74-carat diamond is the fifth greater than 100-carat precious stone recovered this year at the operation, the company said. Type IIa diamonds are the most … Read more

Diamond Leader De Beers Will Be Sold If BHP Acquires Anglo American

BHP’s share-swap take over bid for arch-rival Anglo American to create a $185 billion mining giant will struggle to succeed, but if it does there is one arm of the target certain to be sold, the De Beers diamond business. Despite its century-old reputation and claim to be the custodian of the diamond industry De … Read more