An African state-owned diamond company has submitted a formal offer to buy South African diamond mining giant De Beers.

De Beers has reportedly cut prices for its diamonds. Bloomberg reported Monday on the price cuts that unnamed sources told the outlet the diamond miner and seller had applied to their initial sale of ...

Controversy surrounds the diamond, which critics of the royal family say was "stolen" from South Africa during the colonial era; the British reject that accusation. The coronation of King Charles III ...

Angola's rough diamond production reached 10.7 million carats in the nine months to September, a government official said on Friday, as the country targets another record haul this year. The southwest ...

Lucara estimates that its Karowe mine accounts for 0.3% to 0.4% of global diamond production. The world’s largest diamond was discovered near Pretoria, South Africa in 1905 when Frederick Wells, a ...

Botswana’s existing co-marketing deal already demonstrates the shift ... The question is no longer whether African countries can produce diamonds—they already dominate production—but whether they can ...

In the cathedral-like atmosphere of the world’s diamond headquarters, where aged Havana leaf burns like incense and merchants converse in hushed tones, a change is slowly taking place. The De Beers ...

Each year thousands of people travel to Johannesburg for one reason alone, to shop at the Diamond Walk at Sandton City ( This stretch of pure indulgence has become the ultimate destination for luxury ...

LONDON (Reuters) - African Diamonds said on Monday it expected to complete negotiations on a mining licence for its AK06 discovery in Botswana by the end of the month after the country's government ...

For years, shy little Sir Ernest Oppenheimer left aides breathless as he raced down into South Africa’s mines or whisked surefootedly around the crags of high finance. “There’s a special place in hell ...