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Minerals Council South Africa economist André Lourens says the diamond industry is under severe pressure, with production down 6.1% for the first five months of 2026 as several operations announce stoppages and issue Section 189 retrenchment notices. Lourens warns that, without urgent support measures, further mine closures remain a real risk, part of a broader slowdown in South African mine output that contracted 4.5% year-on-year in May.
Botswana links diamond trade to Dubai hubDMCC and the Botswana Stock Exchange Group have signed a memorandum of understanding to connect Botswana's emerging commodities exchange, including diamonds, with Dubai's trading, finance and logistics ecosystem, creating Africa's first sister-hub trading corridor between Dubai and Gaborone. A first initiative will link the Okavango Diamond Company with the Dubai Diamond Exchange through coordinated tenders, with commercial tenders expected late in 2026.
De Beers cuts prices as sightholder base shrinksDe Beers has made some of its deepest ever price cuts, bringing official prices closer to secondary-market levels amid weak Chinese demand and synthetic-stone competition, alongside a reduction of its sightholder base from about 70 to between 45 and 50 buyers. Anglo American continues advanced efforts to sell the De Beers business.
Diamonds Updates
Anglo American reported broadly flat first-half copper production on Thursday and lowered its 2026 copper cost guidance, but said its diamonds and steelmaking coal businesses are expected to post...
Mining and metals advocacy group the ICMM warns that water availability could, in many regions, act as a constraint on the development of new mines and related facilities, particularly for the...
Minerals Council South Africa economist André Lourens notes that the country's mining output contracted the first time in five months in May, which "proved particularly challenging on two fronts"....
International business district that drives the flow of global trade through Dubai, DMCC, has signed a memorandum of understanding (MoU) with the Botswana Stock Exchange Group (BSE), operator of...
Despite some impressive sustainability gains in the mining sector over the past decade, sustainable mining industry body ICMM CEO Rohitesh Dhawan says progress in Africa displays inconsistencies...
Dubai Multi Commodities Centre (DMCC), the international business district that drives the flow of global trade through Dubai, has announced a new memorandum of understanding (MoU) between the...
De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its years-long campaign to hold them well above the market rate. The cuts come at the...
Industry body the World Diamond Council has highlighted that the transition period to its revised System of Warranties will conclude on September 21. With fewer than three months remaining of the...
The Democratic Republic of Congo has signed an agreement with Switzerland-based diamond and gemstone technology firm ADEX Platform for the marketing of Congolese diamonds, under which they will...
Aim-listed Botswana Minerals has announced that an AI-driven review of legacy geological records identified primary copper sulphide and altered copper minerals in historical drill cores from holes...
Angola emerged as Africa’s second largest diamond producer by value in 2024, with a total diamond output worth $1.41-billion, marking a significant shift in the global diamond landscape that has...
The natural diamond industry’s legacy operating model of scarcity driving desire and desire driving price is under strain and as the industry moves forward, producers and traders confront pressures...
As the natural diamond industry continues to navigate a challenging period, businesses across the pipeline are adapting to changing market conditions, evolving consumer behaviour and ongoing...
Political settlements theory helps us understand the drivers of systemic change, holding that the ambition of elites who control a country’s political and economic apparatus to decarbonise...
A sale of De Beers, Anglo American's diamond unit, has never been closer, its CEO said on Tuesday, adding that a deal could come within weeks. Anglo put De Beers - one of the world's leading...
Diamond miner De Beers has shared its latest research on US consumer trends in its latest 'US Diamond Acquisition Study' report, which found that jewellery that includes natural diamonds are the...
British-Australian multinational mining company Rio Tinto is increasing its yearly community investment commitment in Canada by 30% through the Rio Tinto Canada Fund (RTCF), bringing total yearly...
JSE-listed Omnia achieved a strong performance for the financial year ended March 31, with its diversified business model and execution in its Agriculture and Mining segments enabling it to weather...
Aim- and Botswana Shttps://preditor.creamermedia.co.za/article.view.php?a_id=721951&ct_id=1&op=edit#tock Exchange-listed copper and diamond exploration company Botswana Minerals has announced that...
The Botswana government and De Beers have announced the appointment of former African Development Bank (AfDB) president Dr Akinwumi Adesina as chairperson of the Diamonds for Development Fund – a...
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