Covid-19: Lesotho opens more border posts to foreign mineworkers

Lesotho, which hosts Lucapa Diamond and Gem Diamonds, has opened up more border posts to foreign mineworkers following a lock-down that was introduced last March.

Today

Diamond miner Kimberley Ekapa Mining renames to Ekapa

South African diamond miner, Kimberley Ekapa Mining (KEM) has changed its name to only Ekapa following the collapse of the joint venture between diamond miners KEM and Petra Diamonds.

Today

Luk Fook Holdings profit dips 42% in FY 2019-21

Luk Fook Holdings (International) Ltd has announced that the overall profit dipped of 42 per cent during the year ending March 31, 2020.

Yesterday

ALROSA’s financing to prevent COVID-19 spread exceeds RUB 500 million

ALROSA's overall spending on countering COVID-19 pandemic amounted to almost 8 mln USD (more than RUB 500 mln), according to a press statement distributed by the company last week. Assistance is provided to public health facilities of the...

Yesterday

De Beers sets up Covid-19 testing lab at Venetia diamond mine

De Beers has unveiled a R10 million ($590 000) Covid-19 testing lab at its Venetia Mine, in South Africa. The laboratory will be used to check the diamond mine’s employees and contractors for the coronavirus.

Yesterday

Hong Kong protests not all that dazzling for India's jewellery industry

15 november 2019

(business-standard.com) - Pro-democracy protests in Hong Kong have upset the plans of India’s gem & jewellery industry, which exports a third of its diamonds to the Chinese-controlled city. Exports had already fallen by 15.5 per cent to $4.9 billion in the first half of 2019 and the months-long unrest has proved another headache for an industry already suffering because of domestic issues like delay in goods and services tax (GST) refunds, scarce working capital and the US-China trade war.