Oppenheimers leave the diamond race with $5bn sale
- 04 Nov 2011 16:00 - Staff Reporter
- The Oppenheimer dynasty has ended by selling their 40% of De Beers to global miner Anglo American for $5.1-billion.
Battle is on for Zim gems
- 12 Nov 2010 12:34 - Jason Moyo
- Big money arriving in the country has resuscitated old rivalries among the political elite.
Zim defiant about diamond export
- 25 Jun 2010 06:00 - Jason Moyo
- The country is eager to rid itself of a large stockpile and could deliver 25% of global supply.
Angola's diamond sector regaining lustre
- 29 Apr 2009 12:39 - Staff Reporter
- Angola's diamond sector is slowly recovering but gem prices still need to rise by around 15% this year to enable companies reinvest in it.
Downturn, debt dull diamond sector sparkle
- 09 Mar 2009 08:17 - Philip Blenkinsop
- It wouldn't be fitting to mount a barrage of "sale" and "special offer" signs in the windows of jewellers crowded into Antwerp's diamond square mile.
Diamonds aren't forever
- 24 Feb 2009 06:00 - John Grobler
- 'Watertight' investments in diamond mines and real estate spring a major leak.
De Beers benefits from $500m 'buffer'
- 20 Feb 2009 14:36 - Staff Reporter
- The world's largest diamond group, De Beers, said its three shareholders have agreed to loan the company $500-million.
De Beers in talks with unions on looming job cuts
- 16 Jan 2009 15:56 - Staff Reporter
- De Beers Consolidated Mines has begun consultation with labour unions about possible retrenchments, the world's largest diamond miner said on Friday.
Diamond industry facing 1 200 job cuts
- 16 Jan 2009 15:16 - Staff Reporter
- More than 1 200 job cuts are looming in South Africa's diamond mining industry, trade union Solidarity said on Friday.
