A Rough Overhaul: Russia, Botswana, and Excess Supply

Newly published Kimberley Process numbers give fresh insights into current market developments.

The De Beers-Botswana Divide

The relationship between the longtime partners is being tested as the deadline for a new marketing deal and mining license approaches.

Neil Ventura to Exit De Beers

Miner announces several internal promotions and new members of executive committee.

Bruce Cleaver to Step Down as De Beers CEO

Al Cook, executive at Norway-based global energy company Equinor, will take over.

De Beers Cautious Following Sales Jump

De Beers’ revenue rose by almost a quarter in the first half of 2022, but the miner gave a more somber outlook for the rest of the year as polished demand has slowed.

Why Can’t De Beers and Botswana Reach a Deal?

With Covid-19 no longer a plausible reason, the industry is starting to suspect that a thorny issue is preventing the miner and the government from finalizing a new sales agreement.

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