Johannesburg, South Africa – Kruger Diamonds, a leading diamond tender house, has announced that it will not be holding its September tender this month due to ongoing pressure in the rough diamond market. In a statement released 23 September 2024, the company cited the challenging market conditions as the primary reason for the postponement. “Despite
Kruger Diamonds Postpones Tender Due to Market Pressure Read More »
Diamond Industry Dip: A Golden Opportunity The diamond industry is currently experiencing a downturn, marked by a 20% decline in rough diamond sale prices and reduced production. While this might seem daunting, it presents a unique opportunity for aspiring entrepreneurs and investors. With prices at a low, and less competition due to reduced mining, now
A Golden Opportunity Read More »
In a dramatic shift, Anglo American Plc announced a significant restructuring plan on Tuesday. The move aims to both fight off a takeover bid and position the company for the future. Facing a £34 billion ($43 billion) unsolicited offer from rival BHP Group, Anglo American is shedding its diamond, platinum, and coal assets. This includes
Anglo American Ditching Diamonds for Copper in Major Restructuring Read More »
