Latest articles on De Beers

The OR Tambo Special Economic Zone

This development is creating thousands of much-needed jobs

The tusk at hand: SA begins great elephant trek

Two hundred elephants will be transferred from a Limpopo nature reserve to Mozambique in an effort to restore elephant populations there

God’s tears add a sparkle to zama-zamas’ lives

It’s a hard life being an illegal artisanal miner near Kimberley but now there are signs they may become recognised

Diamond dreams turn to dust as miners eye one last scoop

For small-scale diggers in the North West, red tape is making it harder to mine the elusive gem

Competition in diamond market chips away at De Beers

Market pressures have driven sightholders to rebel against the high prices being set by Anglo, writes Roman Grynberg.

Diamond surge a ‘flash in the pan’

Industry leaders say that the current demand is not sustainable, and predict that prices will taper off towards the latter half of 2016.

‘Flawless’ SA diamond sells for $22m

A jaw-dropping, 100-carat diamond mined by De Beers in South Africa sold for $22.1-million at Sotheby's auction house in New York.

De Beers diamond prices rise as Anglo chases targets

The diamond mining company, which saw returns of 10% return on capital, has been tasked by its parent company to deliver 15% by 2016.

De Beers begins construction of new mine in Limpopo

De Beers has begun work on a R20-billion underground mine to extend the life of its open-pit Venetia diamond mine in Limpopo to beyond 2040.

De Beers agrees to NUM wage increase

De Beers and the National Union of Mineworkers have reached an agreement of a nine percent wage increase.

Botswana polishes its prospects

Botswana, the world's largest diamond producer by value, is now doing with its diamond mining industry what SA failed to achieve for a century.

Anglo, De Beers to hammer out merger

The Competition Tribunal is expected to hear the case for the proposed merger between giants Anglo American PLC and De Beers South Africa today.

Diamond mines are not forever

Residents of a pair of once-booming mining towns in Namaqualand now await a resurrection.

Carats to Carrots: De Beers no longer jewel in crown

Why did the Oppenheimers end their 94-year hold on the world's largest diamond miner to go farming in Africa?

Oppenheimers leave the diamond race with $5bn sale

The Oppenheimer dynasty has ended by selling their 40% of De Beers to global miner Anglo American for $5.1-billion.

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Zuma, Zondo play the waiting game

The former president says he will talk once the courts have ruled, but the head of the state capture inquiry appears resigned to letting the clock run out as the commission's deadline nears

Stern warning against Covid greets Mthembu’s death

The ANC has slammed conspiracy theorists and cautioned against showing complacency towards the deadly virus

Lala ngoxolo Mvelase Jackson Mthembu

In his announcement, President Cyril Ramaphosa called the late minister ‘a life-long champion of freedom and democracy’

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