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Tue,20Nov2018

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Giant diamond fails to sell at auction, trade interested

Lesedi La Rona. Photo©REUTERS/Dylan MartinezThe biggest uncut diamond to be discovered in over a century failed to sell at a Sotheby's auction on Wednesday, but the chief executive of Lucara Diamond Corp, the company that found the gem, said there was interest from buyers in the diamond trade.

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Mining: Attractiveness is more important than short-term fluctuations

Alan Davies Chief executive for diamonds and minerals, rio TintoRio Tinto's chief executive for diamonds and minerals, Alan Davies, explains how he sees the company's future in Africa.

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Zimbabwe central bank governor decries diamond industry secrecy

John Mangudya, Governor Reserve Bank of ZimbabweZimbabwe's central bank governor has bemoaned the secrecy surrounding the country's diamond industry saying it was difficult to track income from the sector.

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Zimbabwe's capital Harare plans diamond bourse

File photo©ReutersZimbabwe is planning an ambitious international diamond bourse expected to attract traders from all over the world, as the southern African nation hopes to harness the mineral's revenue in an effort to shore up its faltering economy.

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Anglo American to sell more assets and suspend dividends

Anglo American will sell more assets, suspend dividends until the end of 2016 and whittle down its business divisions to three from six in the face of severe commodity price falls, the mining company said on Tuesday.

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Botswana Country Profile 2015: Gems still at the heart of things

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Buoyed by Botswana's continuing economic growth, President Ian Khama won a second five-year term in the October 2014 election as the ruling Botswana Democratic Party (BDP) managed to hang onto power.

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Botswana plans economic stimulus after diamond price drop

Photo©ReutersBotswana will use some of its $8.5 billion in foreign exchange reserves to stimulate the economy after a drop in diamond prices hit growth in the world's biggest producer, President Ian Khama said on Monday.

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De Beers sees glint in bridal, gift diamonds as China sparkle fades

File photo©ReutersFamed diamond supplier De Beers expects the value of its sales of the polished jewel in China may rise this year by just over a tenth of 2011's surge, as the economy that has long bolstered global luxury goods heads for its weakest growth in 25 years.

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Zimbabwe suspends tax on diamond sales

Zimbabwe has temporarily suspended a 15 percent tax on diamond sales, citing a drop in production and low international gem prices, the finance minister and central bank governor said in a letter to the International Monetary Fund (IMF).

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Mining: De Beers' big green machine sucks up Namibia's marine diamonds

De Beers' Debmar Atlantic VesselHuge mud-sifting machinery and other technological advances pioneered by De Beers over the past decade have enabled it to profitably exploit the world's largest marine diamond deposits in deep waters off Namibia.

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Petra finds "exceptional" 122.52 carat blue diamond in Cullinan mine

Photo©ReutersPetra Diamonds Ltd said it had recovered an "exceptional" 122.52 carat blue diamond at its Cullinan mine in South Africa, just months after it sold a 29.6 carat blue diamond from the same mine for more than $25 million.

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Zimbabwe: Questions over Dubai diamond sale

Photo©ReutersThe cash strapped Zimbabwe government is in a quandary after $30 million raised from a diamond auction in Dubai last month failed to find its way to Treasury.

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Botswana: A new home for diamond trading

The Botswana operation will draw buyers 10 times a year. Photo©Per-Anders Pettersson/Getty ImagesGaborone's first gem sales bolster the negotiating power of African governments in the natural resource sector.

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"Exceptional" 29.6 carat blue diamond found in S.African mine

Photo©ReutersA 29.6 carat blue diamond, one of the rarest and most coveted in the world with a possible price tag of tens of millions of dollars, has been discovered at a South African mine by Petra Diamonds.

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Zimbabwe's massive diamond fields discovery to bring billions

Photo©ReutersZimbabwe says it has discovered new diamond fields 'almost the size of Swaziland' and expects to realise billions of dollars from mining activities.

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Zimbabwe's diamonds fast depleting

Photo©ReutersZimbabwe may soon find out that diamonds are not forever, as the country's gems are fast depleting and diamond mining companies say they cannot dig any deeper, as this was not commercially viable.

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Anansi: What the Gulf States want in Africa

Officials in Bamako say the government has appealed directly to Sheikh Hamad bin Jassim to stop financing jihadist groups in northern Mali/Photo©ReutersIn the heart of Bahrain's financial district, about 40 Africans, Arabs, Asians and Europeans spent two days in early April debating the geopolitics of Africa's economic upturn at a conference hosted by the International Institute of Security Studies.

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Zimbabwe's public accounts at depletion point

Finance Minister, Tendai Biti  has in the past complained that senior officials in Mugabe's Zanu PF were plundering the country's resourcesDiamond rich Zimbabwe has a mere $217 in its public accounts and President Robert Mugabe has ordered his ministers to approach donors to fund forthcoming elections, a senior official has revealed.

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Zimbabwe Party threatens clampdown against businesses with Mugabe links

Zimbabwe Premier Morgan Tsvangirai’s party MDC-T plans a massive crack down on ‘corrupt’ businesspeople and kick out diamond mining firms perceived to be bankrolling President Robert Mugabe’s Zanu PF.



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The story of Zimbabwe's Marange diamonds: Pollution, Politics, Power

Apart from water and noise pollution, Marange is also experiencing serious air pollution/Photo©ReutersThe inhabitants of Marange believe their village would be a better place to live in had it not been for the discovery of enormous deposits of alluvial diamonds in 2006, believed to constitute approximately 25% of the world's known deposits.

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