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- Lesotho PM Eyes Future Beyond Diamonds
on 11 September 2025 at 8:04 amThe prime minister of Lesotho - which relies on diamonds for at least a fifth of its export revenue - says the country's future lies in rare earth minerals. Ntsokoane Samuel Matekane told a conference in Australia that rare earth elements (REE) would be...
- US Reprieve for Grandfathered Diamonds from Russiaon 9 September 2025 at 7:00 am
The US has granted a year-long reprieve before a ban on the import of legacy or "grandfathered" diamonds from Russia comes into force. Goods that were already outside Russia and that were not exported or re exported from Russia (after specific cut-off dates) ...
- Lucara Addresses Underground Mine's Funding Shortfallon 9 September 2025 at 7:00 am
Canadian miner Lucara has drawn $10m from its largest shareholder to address a funding shortfall, as it prepares for underground mining at Karowe, in Botswana. Luxembourg-based Nemesia, which holds stakes in a number of mining companies...
- Gem Diamonds to Axe 240 Jobs and Close Mine Earlyon 8 September 2025 at 5:00 am
Gem Diamonds has confirmed it will axe 240 jobs - a fifth of its workforce - at the Lestseng mine, in Lesotho, as part of a cost-cutting package. The company also says the mine will close in 2035, four years earlier than planned, if market conditions persist...
- GIA Examines World's Second Largest Diamondon 4 September 2025 at 6:00 am
Experts at the GIA's lab in Gaborone, Botswana, have examined the 2,488-carat Motswedi diamond - the second largest in the world after the famed Cullinan Diamond (3,106 carats). It was recovered last August by Canadian miner Lucara at its Karowe...