De Beers upbeat on Botswana diamond pact after meeting new president

De Beers upbeat on Botswana diamond pact after meeting new president

De Beers’ CEO said he expected negotiations on a new diamond sales pact with Botswana’s government to be wrapped up within weeks, after meeting with the country’s new president.
Rio gems to benefit Canadian families

Rio gems to benefit Canadian families

Rio Tinto, De Beers Group, Mountain Province Diamonds and Burgundy Diamond Mines have collaborated to design a pendant featuring diamonds from their Canadian mines.
Botswana’s new president aims to clinch De Beers diamond sales pact soon

Botswana’s new president aims to clinch De Beers diamond sales pact soon

De Beers, a unit of mining company Anglo American, last year agreed a new diamond sales pact, which would see the government’s share of diamonds from the Debswana joint venture gradually increase to 50% over the next decade. Debswana Diamond Company, equally owned by Botswana and De Beers, currently sells 75% of its output to...
Botswana’s Debswana diamond sales fall over 50% in first nine months of 2024

Botswana’s Debswana diamond sales fall over 50% in first nine months of 2024

Sales of rough diamonds at the Debswana Diamond Company fell about 52% in the first nine months of 2024, data released by Botswana’s central bank on Tuesday showed, as the downturn in the global diamond market persisted. Debswana, equally owned by Botswana and Anglo American Plc’s De Beers, sells 75% of its output to De...
Angola diamonds not under sanctions but Russia link is obstacle

Angola diamonds not under sanctions but Russia link is obstacle

Angola’s state-owned diamond producer said some clients were deterred by its partnership with Russia’s Alrosa PJSC, but underlined that its output doesn’t fall under western sanctions.
Karelian closer to finding green diamond source in Finland

Karelian closer to finding green diamond source in Finland

Irish explorer Karelian Diamond Resources (AIM: KDR) believes it is getting closer to the source of a rare green diamond it found in 2022 with the completion of a series of a follow-up excavations in an area located in Finland’s Kuhmo region.
Lucara recovers sixth diamond larger than 1,000 carats at Karowe mine in Botswana

Lucara recovers sixth diamond larger than 1,000 carats at Karowe mine in Botswana

Canada’s Lucara Diamond has dug up a 1,094-carat diamond from its Karowe mine in Botswana.
Gem Diamonds finds 122-carat stone at Letšeng mine

Gem Diamonds finds 122-carat stone at Letšeng mine

Africa-focused miner Gem Diamonds (LON: GEMD) has unearthed yet another massive white diamond at its prolific Letšeng mine in Lesotho, just days after another major find.
Botswana’s ODC seeks $300 million loans for diamond purchases

Botswana’s ODC seeks $300 million loans for diamond purchases

Botswana’s state-owned Okavango Diamond Company (ODC) seeks a $300 million credit facility from local banks to support larger volumes of diamond purchases, Finance Minister Peggy Serame said on Thursday.
Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer

Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer

Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond market, the country’s mines minister said on Tuesday.