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.

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...

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...