-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

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,

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

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

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

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

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

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

Zimbabwe’s diamond industry continues to exhibit resilience amid hardship, with October 2025 exports surging to $43.4 million from zero in September, lifting the first 10 months' cumulative revenue t

The diamond industry, long synonymous with luxury, rarity, and enduring value, is undergoing a profound transformation due to the rise of lab-grown diamonds. These synthetic gems, chemically identical

Yet beneath the earnings pressure, the cash story reads differently. Free cash flow is expected to surge between 118% and 128% to between BWP 116 million and BWP 121 million, up from BWP 53 million in

Long-term capital formation remains the decisive variable. Large-scale mining requires stable exchange rate policy, predictable foreign currency retention thresholds and enforceable contract framework

RioZim’s latest restructuring plan shows where management believes the group’s last realistic recovery path now sits. By giving up its stake in Murowa Diamonds to ease debt pressure and redirecting at

The Minerals Marketing Corporation of Zimbabwe delivered a historic performance in the first quarter of 2026 with total mineral sales reaching 1,288,761 metric tonnes valued at $983.85 million accordi

De Beers is set to pause production for two years at Venetia, South Africa’s largest diamond mine, after prolonged weakness in rough diamond prices reduced the commercial value of extracting additiona

De Beers has cut its prices in July 2026, reflecting growing pressure as weak Chinese luxury demand, the rapid expansion of lab-grown diamonds, and increased rough supply from producers such as Angola

Zimbabwe has sufficient economic evidence to introduce a tied diamond royalty, with the existing 10% rate retained during stronger market conditions and lower rates activated through transparent price

Zimbabwe’s diamond export receipts have fallen to US$45.7 million between January and July 2026, down 46.5% from US$85.6 million in the comparable 2025 period and 83% below the US$267.5 million earned

RioZim has put Renco Mine up for sale for at least US$35 million, opening a new phase in the mining group’s turnaround as it seeks to reduce debt, strengthen working capital and concentrate its limit