Weak Rough Prices Dent Petra Revenue in First Half February 18, 2025 Sales down 45% at fourth tender, with like-for-like figure slipping 6%. Mining
Mining Union Calls Petra Layoff of over 200 Employees ‘Barbaric’ February 10, 2025 Company is making cuts in response to losses from prolonged industry downturn. Mining
Anglo American ‘Likely’ to Write Down De Beers’ Value Again February 6, 2025 Parent company slashes diamond miner’s production plan by 10 million carats. Mining
Angola’s Endiama Signs Mining Investment Agreement with N’Dumba February 5, 2025 The new partnership aims to cement the nation’s position in the global diamond trade. Mining
Blockade at Lulo Mine Disrupts Diamond Production February 3, 2025 Community leaders have created barriers at all site entrances and made a “series of unreasonable demands,” according to Lucapa. Mining
Smaller Stones Send Lucapa Revenue Plummeting January 30, 2025 Average price per carat down 80% in fourth quarter. Mining
Strong Average Price Lifts Gem Diamonds Full-Year Revenue January 29, 2025 Sales up 10% to $152.8 million in 2024. Mining
Ekati Rough Sales Fall as Buyers Shy Away from Lower-Quality Goods January 28, 2025 Revenue at Burgundy Diamond Mines down 39% to $101 million in fourth quarter. Mining
Dubai Diamond Manufacturer Funds Mining Company January 28, 2025 Diamcor will use $5 million loan to expand work at its Krone-Endora at Venetia project in South Africa. Mining
Weak Rough Prices Dent Mountain Province Sales January 26, 2025 Figure down 19% year on year to $72 per carat. Mining
