Category: Mining

De Beers Reduces Value of Rough Allocations

Drop for 2024 reflects decline in prices, sources say.

Miner also announces new organizational structure and executive committee.

Miner forecasts 2024 revenue increase.

Miner to focus on exploring for metals and minerals.

Weak prices and India’s import halt push miner into insolvency.

Company puts mine feasibility study on pause in favor of smaller-scale, lower-cost alternative.

Miner sold some inventory to joint-venture partner De Beers and is holding remainder in stock.

Miner cites market slowdown as additional reason for lower 2023 sales forecast.

Rio Tinto appoints Matthew Breen to succeed Angela Bigg.

Agreement will provide Bangkok-based China Stone with consistent stream of goods for at least three years.

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