Petra Diamonds last week discovered the second largest diamond in its history at the Cullinan mine in South Africa – the same site where the world’s biggest diamond was found over a century ago. The 425.1 carat stone is one of the most collectible forms of...
Botswana’s Debswana Diamond Mining is seeking permission to extend the lifespan of its Jwaneng mine and increase its production by 50 million carats. The joint venture (JV) between De Beers and the Southern African country’s government wants to deepen the pit to 830 metres which...
Anglo American’s diamond-producing subsidiary De Beers is looking to launch the first industry-wide blockchain platform this year which will enable greater tracking of gems being traded across the globe. The world’s largest diamond producer by value has led industry efforts to implement a blockchain system which...
De Beers Group announced the launch of De Beers Ventures to focus on investing in start-ups and growth companies. The new subsidiary will engage in minority equity positions in areas including downstream distribution, consumer brands, marketing platforms, security, cutting and polishing and imaging technologies. Through the investments...
Anglo American’s diamond division De Beers launched the world’s biggest diamond exploration ship off the coast of Namibia seeking to consolidate high production levels until 2035. The 12,000 tonne, US$157 million SS Nujoma will enable Debmarine Namibia, a 50/50 joint venture between Nambia’s government and De...
Anglo-American (LSE:AAL) subsidiary company De Beers Group has announced that production has commenced at its Gahcho Kué site, the world’s largest new diamond mine in the last 13 years. The mine, located on the Canadian tundra in the Northwest Territories is a joint venture between De...
Jersey-based Petra Diamonds (LSE:PDL) has announced it agreed to a joint venture with South Africa’s Ekapa Mining, which will combine their operations in Kimberley, Western Australia. The Kimberley Ekapa Mining joint venture took effect from 1 July. Petra Diamonds and venture capital firm Bee Partners will...