Botswana is seeking to take a controlling stake in De Beers as Anglo American prepares to divest from the diamond giant, the Financial Times reported on Wednesday, citing the country's mining minister ...

Anglo American’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the ...

Australian miner Burgundy Diamond Mines laid off several hundred employees and contractors and suspended operations at its Point Lake diamond mine in Canada due to record-low diamond prices, a company ...

As synthetic diamonds flood global markets, De Beers CEO Al Cook warns of a "huge con" threatening the century-old legacy of mined stones. Facing plunging prices, industry upheaval and consumer shifts ...

The suspension of operations at the Point Lake site will see several hundred employees and contractors laid off.