Category: Mining

De Beers to Suspend Production at Venetia Mine

Move reflects market shift to higher-value diamonds.

Illegal mining and rebel activity are among factors affecting quality mix and cash flow, company says.

Li-FT will pick up the original deal to turn the site into a lithium-processing facility.

Three-month pause will save money and manage rough-diamond flow into market.

Move follows similar transaction in May for $999,000 worth of diamonds.

Criticism comes after company places deposit under business rescue and states it will lay off workers.

Interview with Debswana CEO Andrew Maatla Motsomi.

Anglo American moves forward with the sale of its 85% share in the diamond producer.

Stones above 10.80 carats and fancy-color goods dominated May sales.

Deposit will go on care and maintenance from July.

The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.