Angolan Mining Oil & Gas

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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De Beers Cuts Sightholders to 50 as Diamond Industry Faces Weak Demand, Lab-Grown Competition and Market Volatility Global diamond producer De Beers Group has made one of the deepest reductions to its network of handpicked diamond buyers as the company navigates a prolonged downturn affecting the global diamond industry, according to people familiar with the matter. The company notified its customers known as sightholders  on Friday whether they would retain their status through formal letters

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Gem Diamonds Reports $104M Loss as Letšeng Diamond Mine Impairment and Weak Diamond Prices Hit Earnings London-listed Gem Diamonds reported a sharp decline in financial performance for the year ended December 31, 2025, as continued weakness in the global diamond market weighed on earnings. The company posted a loss of $9.1 million before exceptional items, compared with a profit of $8.1 million in 2024. After accounting for exceptional items, the attributable loss widened significantly to

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