South Africa's New Guidelines to Boost Domestic Polishing
March 18, 26
South Africa has introduced new guidelines to retain more economic value from its rough diamonds by promoting local cutting and polishing, rather than exporting goods unprocessed. Around 90% of its rough diamond production is currently sold abroad... Read More...
Gem Loss Widens as Mine Value Slashed by $77m
March 18, 26Gem Diamonds swung to an annual loss before exceptional items of $9.1m in 2025, compared with a profit of $8.1m in 2024. A depressed rough diamond market and weaker US dollar against the Lesotho loti triggered a $77.5m impairment to the ... Read More...
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Lucara Recovers 36.92-ct Blue Diamond
March 17, 26Lucara yesterday (16 March) announced the recovery of a 36.92-carat blue diamond from its Karowe mine, in Botswana. It says the high-quality Type IIB stone was recovered from ore sourced from stockpile material using X-ray transmission machines ... Read More...
Diamond Slump: S&P Downgrades Botswana, Again
March 17, 26Botswana's credit rating has been downgraded for the second time in six months by the ratings agency S&P Global, in response to ongoing weak global demand for diamonds. The world's second biggest diamond producer had held steady with a BBB+ ... Read More...
Portman Stars in New Tiffany & Co Film
March 17, 26Actress Natalie Portman stars as herself in a new global campaign film for Tiffany & Co. The three-minute film, which debuted during the 98th Oscars on 15 March, depicts her writing a letter to her daughter, reflecting on resilience, vulnerability and self-worth... Read More...
Memo by John Jeffay
March 12Lucara profits for FY2025 are down 35%. Petra Diamonds losses for the year are up by 67%. And Mountain Province net losses for the first nine months of the year are up by almost 600%. Against that dismal backdrop, Alrosa, the sanctioned Russian miner... Read More...