Category: Diamonds

President Duma Boko Travels to Oman to Secure Resource Partnerships and Financing for Potential De Beers Stake Expansion Botswana President Duma Boko is travelling to Oman to sign cooperation agreements covering natural resources and energy, as his administration works to strengthen the country’s position in leading diamond producer De Beers Group. Boko is scheduled to hold talks through Tuesday with Haitham bin Tariq, according to a statement issued by the president’s office on Sunday. The

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Petra Diamonds Sells 781,797 Carats in Q3 2026, Books Revenue from Rare Cullinan Blue Diamond Despite Ongoing Market Weakness Petra Diamonds, the London-listed diamond producer, sold 781,797 carats during the quarter ended March 31, the third quarter of its 2026 financial year. Quarterly revenue rose to $68 million, up from $49 million in the previous quarter. However, the average price declined to $87 per carat, an 11% drop from $98 per carat, reflecting a 15%

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Lucara Diamond Raises $350m in Senior Secured Bonds to Fund Karowe Underground Project Completion in Botswana Canada-headquartered Lucara Diamond Corp has successfully closed a $350 million senior secured bond issuance, providing the financial certainty required to advance its Karowe Underground Project in Botswana through to completion. The five-year bonds carry a fixed annual coupon rate of 12.5%, with interest payments scheduled on a quarterly basis. Proceeds from the financing have been used to fully repay

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Rio Tinto Ends Production at Diavik Diamond Mine in Canada After Producing 150 Million Carats Rio Tinto has officially marked the end of production at its Diavik diamond mine in Canada’s Northwest Territories, concluding more than two decades of operations that yielded over 150 million carats of rough diamonds. Located approximately 220 km south of the Arctic Circle beneath Lac de Gras, Diavik was discovered in 1991 and began production in 2003. The operation, comprising

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Sotheby’s to Offer 28.88-Carat Internally Flawless Diamond from Botswana’s Jwaneng Mine with $2.8 Million Estimate Sotheby’s is set to auction a rare 28.88-carat diamond sourced from De Beers’ flagship Jwaneng Mine in Botswana, with the gemstone expected to achieve up to $2.8 million at sale. The stone, named the Jwaneng 28.88, is a round brilliant diamond graded D color the highest classification for colorless diamonds and internally flawless, placing it among the rarest categories of

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