New BHP/Anglo Bid "Almost Oven-Ready"
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A renewed takeover bid of Anglo American by rival miner BHP is "almost oven-ready," according to City sources cited by the UK Sunday Times newspaper (12 January). Australia-based BHP made an unsuccessful bid for the company ... Read More...
African Producers Back Traceability Platform
January 13, 25Diamond producers in Africa are backing the traceability platform Authentia, and are encouraging G7 and the Kimberley Process to adopt it. The African Diamond Council, representing the interests of 18 member states, says it has been working with... Read More...
LA Wildfires: Woman Retrieves Jewelry from Melted Safe
January 13, 25A woman whose home was destroyed in the LA wildfires found her jewelry unharmed inside a melted safe. She returned to the charred remains of where she used to live, in Pacific Palisades, and dug through the rubble The woman, identified only as... Read More...
Power Company Pulls Plug at Diamond Mine
January 12, 25The Murowa Diamond Mine, in Zimbabwe, has reportedly had its power supply cut after failing to pay a USD 4.5m bill. Owner and operator RZM Murowa has also failed to pay some of its workers since October, prompting around 300 of its 700... Read More...
LA Wildfires: Jewelers Rally Round to Help
January 12, 25Jewelers are rallying round to help those hit by the devastating wildfires in Los Angeles, and the emergency services tackling the blazes. The Diamond Council of America (DCA) and Jewelers of America (JA) have jointly relaunched the Jewelers Relief Fund... Read More...
Memo by John Jeffay
January 09Happy New Year. And welcome to a 2025 filled with opportunities - and uncertainties. The diamond industry is at an inflection point, according to the global management consultants McKinsey & Company. The supply chain is normalizing after Covid disruption... Read More...