President Duma Boko spoke at back-to-back events in the city last week, touting Botswana’s stability and the diamond “bounceback.”
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Its Montepuez Ruby Mining operation in Mozambique, which is not yielding enough high-quality rubies, has taken a $125 million hit.

The company’s managing director of sales said the results demonstrate “continued strong demand for commercial-quality emeralds.”

The labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.

Lucara Diamond Corp., which recovered the “Motswedi” diamond from the Karowe mine, sold the stone for an undisclosed amount.

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.

The miner’s ruby and emerald auctions brought in a combined $102.9 million.

The goal is for the De Beers sale to be finished by the second half of 2026, with the subsequent approvals process expected to take a year.

Endiama Commercial Director Elton Escrivão knows people have a lot of misperceptions about Angola. He wants to change that.

Production also was up in the first half of 2026 but is expected to “substantially” decrease in H2 as two key mines undergo maintenance.

A Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.

The diamond mine, which opened nearly 30 years ago in Canada’s Northwest Territories, is expected to shut down by mid-August.

The yet-to-be named stone is the 10th diamond weighing more than 1,000 carats to come out of Lucara’s Karowe mine.

Initiatives in Art and Culture is hosting its 16th annual Gold and Diamond Conference, with the theme of “Resilience.”

The diamond miner and marketer is undergoing another round of cost-cutting measures ahead of its sale by Anglo American.

A podcast prompted Smith to share his views on where origin fits into the natural diamond story and the viability of branded diamonds.

After eight years, Gilbertson is leaving his post at the mining company, which is currently facing a slew of operational challenges.

SSEF issued a notice about the potential new source of the sought-after gemstone, citing “credible reports” from trade sources.

The miner said demand for higher-quality emeralds is stable, but there is notable caution in the market.

The addition of the diamond-producing countries as nation affiliated members broadens the federation’s global representation, WFDB said.

The owner of the Ekati mine, which opened in 1998, has filed for insolvency protection amid the significant decline in diamond prices.

De Beers’ diamond production was up 17 percent in Q1, boosted by increased output at its mines in South Africa and Canada.

The big diamond’s sale added to the company’s revenue though the market remains “challenging” overall, particularly for smaller goods.

Both its mines faced challenges last year, from operational issues to disruptions in the market.

Production has ceased at the Canadian diamond mine, which has yielded more than 150 million carats of rough diamonds in its 23-year run.


















