London-listed Petra Diamonds has announced a series of board appointments following its AGM on November 27, including that of Vivek Gadodia and Juan Kemp as permanent joint CEOs of the company. Gadodia and Kemp had been operating as joint interim CEOs from February and will now continue in their roles in a permanent capacity, with Gadodia focusing on the corporate side of the business and Kemp on the operational side.
World Diamond Council (WDC) president Feriel Zerouki opened the 2025 Kimberley Process (KP) plenary with a decisive call for participants to support a modernised definition of conflict diamonds, marking a pivotal moment for the international certification scheme. Zerouki highlighted three years of work, drafting and negotiation led by the WDC, along with the African Diamond Producers Association (ADPA) and Civil Society Coalition (CSC).
Toronto-listed Lucara Diamond sold 101 422 ct during the quarter ended September 30, generating $51.2-million in revenue. In August, the company recovered a 1 015 ct non-gem diamond and a 37.42 ct near-gem pink Type IIa diamond.
Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company. Botswana, which owns 15% of De Beers and contributes 70% of its annual rough diamond production, considers the company a strategic national asset, despite a slump in global diamond prices that has hurt its economy.
The mining ministers of Botswana and Angola are set to meet for talks in Botswana's capital on Friday, as the two Southern African countries seek to take control of Anglo American diamond unit De Beers. Botswana, which currently owns 15% of De Beers and contributes 70% of its annual rough diamond production, considers the company a strategic national asset, despite a slump in global diamond prices that has hurt its economy.
Diamond producer De Beers has appointed Kevin Smith, currently corporate affairs & strategy executive VP, as interim COO, with effect from December 1. He succeeds Burger Greeff, who is retiring after 30 years with the group. “As COO, Burger has brought integrity, strategic foresight and unwavering commitment to our purpose. His contributions have helped shape the future of our operations and inspired many across the business. Burger’s legacy is one of excellence, humility and service, and I extend my heartfelt thanks to Burger for his outstanding leadership.
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 African country produced a record 14-million carats of rough diamonds in 2024, making it the third largest producer by output, behind Russia and Botswana. It targets 14.8-million carats this year.
London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, reports that decisive measures to conserve cash have been completed, with the anticipated $1.5-million in monthly saving having been realised from September. The company in July announced its plans to reduce costs. This included the scaling back of operations at the mine.
London-listed Petra Diamonds, which owns and operates the Cullinan and Finsch mines, in South Africa, produced 609 336 ct of diamonds in the quarter ended September 30 – the first quarter of its 2026 financial year. This was lower than the 619 374 ct produced in the quarter ended June 30, but higher than the 567 221 ct produced in the quarter ended September 30, 2024.
Diamond miner De Beers produced 7.7-million carats for the third quarter ended September 30, a 38% year-on-year increase, primarily driven by higher production from the Jwaneng mine, in Botswana. The miner's operations in Botswana achieved a 51% year-on-year increase in diamond output to six-million carats for the third quarter.