Mining

De Beers' rough diamond production cuts have caught up with Debmarine, which recorded a decline in earnings of N$7.1 billion in just two years between 2023 and 2024. The company...

De Beers is actively assessing options with its partners to reduce rough diamond production in the future. The company has kept the 2024 production guidance unchanged at 23-26 million carats. This...

Namibia's production of rough diamonds decreased by 3% to 1.2 million carats in the quarter ending June 30, 2024. De Beers says planned lower production at Debmarine was partially offset...

De Beers and Signet Jewelers have agreed to collaborate and share the unique attributes of natural diamonds with a new generation of US couples, ahead of an expected 25% increase...

De Beers Group is relocating the De Beers Group Auctions business headquarters from Singapore to Botswana in the coming few months.  The relocation, De Beers says, supports the group's focus...

De Beers has lowered its rough diamond production guidance for 2024 to 26–29 million carats from 29–32 million carats after reporting a 23% decrease to 6.9 million carats in the...

The Joint Parliamentary Standing Committee on Natural Resources is concerned that the state has no legal provision to acquire shares in mineral rights except for mineral agreements. A report from...

De Beers Group reported that rough diamond sales increased from US$374 million in the last cycle to US$430 million in the second 2024 sales cycle. The Group released the provisional...

The De Beers Group lost about US$2.4 billion in 2023 sales, and its capital expenditure was US$623 million. In 2022, De Beers made US$6,6 billion, compared to US$4,3 billion in...

Namibia's rough diamond production increased 9% to 2.3 million carats in 2023 from 2.1 million carats in 2022. In its preliminary financial results for 2023 released Thursday, De Beers said...