Search results for 'Diamonds'
World
Zimbabwe Takes the Lead as Chair of African Diamond Producers Association

-Zimbabwe has taken over as the new Chair of the African Diamond Producers Association (ADPA), a move that is likely to reactivate the diamond mining sector and possibly deliver growth. Zimbabwe's cha

Mar 24, 2023
Botswana
Botswana's Diamond Model: A Blueprint for African Countries Eyeing Gem Success

The multi-year deal between Botswana and De Beers will significantly increase the supply of precious stones to the country. As other African nations, such as Zimbabwe, explore their diamond resources,

Aug 07, 2023
Markets
De Beers' Cycle 8 Rough Diamond Sales Reflect Industry Rebalancing and Increased Marketing Investment

De Beers, a subsidiary of global mining company Anglo American, has reported a provisional figure of $200 million for the rough diamond sales value in its eighth sales cycle of 2023. This figure repre

Oct 06, 2023
Botswana
Lucara Diamond Secures Financing for Karowe Underground Expansion Project

The company has signed amended documentation relating to its senior secured project financing debt package, which amounts to US$220 million. Under the amended agreement, the repayment profile has be

Jan 10, 2024
World
Vast Resources Discovers Additional 6,055 Carats of Diamonds in Marange Parcel

Vast Resources plc, a London-based junior mining company listed on the Alternative Investment Market (AIM), has discovered additional 6,055.35 carats of gem-quality diamonds during the classification

May 08, 2025
Zimbabwe
Zimbabwe's Diamond Exports Surge 912% in April Amid Global Price Decline

While global diamond prices are crashing from US$3,400 in 2020 to a mere $900 in 2024, a 74% decline, Zimbabwe’s diamond industry shows respite, defying global trends. Though made of the hardest mate

Jun 02, 2025
Botswana
Botswana Scales Down Diamond Production Amid Global Diamond Market Collapse

Debswana Diamond Company, a 50-50 joint venture between the Botswana government and De Beers, has temporarily halted production at its Jwaneng Cut 9 and Orapa mines, following earlier suspensions at t

Jun 09, 2025
Zimbabwe
ZCDC Cuts 400 Jobs as Global Diamond Industry Faces Major Crisis

Zimbabwe Consolidated Diamond Company (ZCDC), the country’s largest state-owned diamond miner, has confirmed the retrenchment of 400 employees, a move that reflects the worsening crisis in the global

Jul 15, 2025

Top Stories

Mthuli’s 2026 Budget : Drops Tax Hammer on Miners, Hands Citizens the Keys to Gold

Finance, Economic Development and Investor Promotion Minister, Professor Mthuli Ncube has tabled the most aggressive mining tax reforms since dollarisation, aimed at lifting the sector’s effective con

19 hours ago

Hidden Potential: Zimbabwe’s 100-Tonne Gold Horizon Within Reach

Zimbabwe's gold sector continues its meteoric ascent, a testament to resilient operators navigating macroeconomic headwinds and structural reforms amid a global bull market for the yellow metal. In Oc

1 day ago

CAFCA Bets Big on Solar Plant as Profits Crash 68%

CAFCA Limited, in a proactive bid to secure energy independence amid Zimbabwe's persistent power challenges, the nation's sole listed cable manufacturer is advancing the installation of a 1.18MW solar

Dec 01, 2025

Ramaphosa Rejects Trump’s G20 Exclusion: “South Africa Remains a Full Member”

he U.S. President Donald Trump has announced yesterday, the 26th of November 2025 that South Africa would be barred from attending the 2026 G20 Summit, set to be hosted in Miami, Florida. Speaking fr

Nov 27, 2025

ZiG Appreciates 5 Straight Sessions Amid Dollar Meltdown

The Zimbabwe Gold (ZiG) opened the week of 24 November 2025 stronger at 26.2965 per US dollar, marking a notable firming from 26.3218 recorded on Friday 21 November and a significant appreciation from

Nov 27, 2025

CAFCA Bleeds as Cheap Imports Flood Market: Volumes Down 8%, Profit -68%

Zimbabwe's only listed cables manufacturer, CAFCA has faced a challenging fiscal year ended 30 September 2025, marked by an 8% year-on-year decline in volumes that reflects the vulnerabilities of loca

Nov 27, 2025

OK Zimbabwe Market Update: Revenue Remains Below Break-Even, 3 More Stores to Close

Retail giant OK Zimbabwe Limited has released a crucial market update, providing shareholders and stakeholders with a transparent view of its ongoing battle to return to financial health. Following ca

Nov 21, 2025

Econet Joins Delta in US$1 Billion Club Race, H1 Revenue Surpasses US$500m on Voice Traffic, Data Dominance

Econet Wireless Zimbabwe delivered a robust financial performance for the half-year ended 30 September 2025, posting group revenue of ZiG 13.5 billion, representing a 39% year-on-year increase from Zi

Nov 19, 2025