De Beers, the world’s leading diamond producer by value, has concluded negotiations with the Botswana government on a new sales agreement and the extension of mining licenses for their joint venture, Debswana, until 2054.

Diamonds grown in the lab are shining brighter than natural stones by grabbing market share, but their kryptonite could be the low prices and large carats indicating they really are in a different category, analysts and companies surveyed by The Wall Street. Journal say.

Gemfields has temporarily suspended ruby mining operations in Mozambique following violent incidents that resulted in two deaths.

Gemfields Group said on Tuesday disruptions were possible at its largest ruby mine in Mozambique, after people torched buildings in villages nearby in escalating unrest linked to October’s disputed election.

Copper concentrate exports from Freeport-McMoRan’s unit in Indonesia will ease global shortages, but probably only briefly and if the Indonesian government allows them, industry sources said.

De Beers, the world’s largest diamond producer by value, is reducing the prices of its mined gems by more than 10% amid persistent market challenges that have prompt it to abandon earlier efforts to stabilize prices.

An Omani state-backed fund has acquired shares in Angola’s Catoca diamond-mining joint venture from Russia’s Alrosa PJSC.

Major African diamond producer Botswana will join Antwerp as an origin certifier of rough diamonds for export to the G7 which banned imports of Russian stones from the start of this year, a joint statement said on Wednesday.

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 Tinto, De Beers Group, Mountain Province Diamonds and Burgundy Diamond Mines have collaborated to design a pendant featuring diamonds from their Canadian mines.