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Category: Diamond

Kimberley Process Fails Again to Expand Definition of Conflict Diamonds 1 International Diamond 

Kimberley Process Fails Again to Expand Definition of Conflict Diamonds

Constance
Kimberley Process Stalls for Third Year Over Conflict Diamond Reform Amid Global Criticism The Kimberley Process (KP) has, for the third consecutive year, failed to agree on an expanded definition of conflict diamonds following a five-day plenary in Dubai. Delegates from 86 member countries attended with hopes that long-delayed reforms would finally move forward. Pressure to modernize the conflict diamond definition has grown since Russia’s invasion of Ukraine in 2022, and media reports suggested negotiators were nearing a breakthrough. Feriel Zerouki, president of the World Diamond Council (WDC), opened the… Read More Here
Kasai Oriental Authorities Seize 13 kg of Diamonds in Anti-Smuggling Operation 2 Mining in DRC Diamond 

Kasai Oriental Authorities Seize 13 kg of Diamonds in Anti-Smuggling Operation

Constance
DRC Diamond Smuggling Thwarted: 13 kg Seized in Kasai Oriental, Strengthening Mining Sector Controls Provincial authorities in Kasai Oriental intercepted a shipment of approximately 13 kilograms of diamonds on Tuesday, November 11, 2025, at Bipemba Airport in Mbuji-Mayi. The cargo was reportedly about to be fraudulently transported to Kinshasa. The operation was carried out jointly by the provincial Anti-Fraud Services, the Mines Division, and other specialized agencies, signaling a strong commitment to curbing mineral smuggling in the region. Interim Governor Daniel Kazadi Cilumbayi commended the vigilance of the control teams… Read More Here
De Beers Appoints Kevin Smith as Interim COO Following Burger Greeff’s Retirement 3 Mining Personality Corporate News Diamond International 

De Beers Appoints Kevin Smith as Interim COO Following Burger Greeff’s Retirement

Constance
De Beers Names Kevin Smith Interim COO as Veteran Executive Burger Greeff Retires De Beers has appointed Kevin Smith, currently Executive VP of Corporate Affairs & Strategy, as interim Chief Operating Officer (COO), effective 1 December 2025. He succeeds Burger Greeff, who is retiring after 30 years with the group. “As COO, Burger has brought integrity, strategic foresight, and unwavering commitment to our purpose. His contributions have helped shape our operations and inspired many across the business,” said CEO Al Cook. “With Burger’s departure, I am delighted that Kevin Smith,… Read More Here
Lucapa 171 carat diamond Diamond Corporate News International 

Botswana and Angola Explore Joint Bid for De Beers Amid Diamond Industry Shake-Up

Constance
Botswana and Angola Meet to Discuss Cooperation on De Beers Sale as Africa’s Diamond Market Shifts Botswana and Angola held high-level talks in Gaborone, Botswana, as both countries position themselves to gain control of De Beers, the diamond unit that Anglo American is selling as part of a corporate restructuring. Botswana’s Mines Minister Bogolo Joy Kenewendo and Angola’s Mineral Resources Minister Diamantino Pedro Azevedo met privately for approximately 40 minutes before making brief comments to the press. They confirmed discussions focused on diamond sector cooperation, energy, and logistics, though specific… Read More Here
Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase 4 International Corporate News Diamond Mergers & Acquisitions 

Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase

Constance
Angola Rules Out Using National Budget to Fund Endiama’s Bid for De Beers Stake Angola will not use public funds to finance state-owned diamond company Endiama’s proposed acquisition of a stake in De Beers, Finance Minister Vera Daves de Sousa confirmed on Friday. Endiama has reportedly submitted a bid for a majority stake in De Beers, the diamond unit of Anglo American, according to a source familiar with the matter who spoke to Reuters on October 24. Initially, Angola had expressed interest in acquiring only a minority stake in De… Read More Here
Angola Joins Bidders to Acquire Anglo American’s Stake in De Beers 5 Corporate News Diamond International 

Angola Joins Bidders to Acquire Anglo American’s Stake in De Beers

Constance
Angola submits bid for Anglo American’s De Beers stake as Botswana and investor groups compete Angola has submitted a formal offer to acquire Anglo American’s 85% majority stake in De Beers, joining a growing list of potential buyers that includes Botswana and investor groups led by former De Beers executives. State-owned Angolan diamond producer Endiama presented a “concrete and well-defined proposal” and is moving forward with subsequent steps, said CEO José Manuel Ganga Júnior, who declined to provide further details due to the confidential nature of negotiations. The sale is… Read More Here
Feriel Zerouki to Step Down as De Beers Chief Trade and Industry Officer 6 International Corporate News Diamond 

Feriel Zerouki to Step Down as De Beers Chief Trade and Industry Officer

Constance
De Beers Executive Feriel Zerouki Resigns After Two Decades, Leaving Legacy of Ethics and Transparency in Diamond Industry Feriel Zerouki will step down as De Beers Group’s Chief Trade and Industry Officer and member of the executive committee at the end of October, the diamond company announced. Zerouki joined De Beers in 2005 and has played a central role in shaping the miner’s leadership in ethics, provenance, and industry integrity over her nearly two decades with the group. During her tenure, she spearheaded the launch of Tracr and GemFair, two… Read More Here
Kasai Province Partners with Mining Cadastre to Increase Diamond Surface Tax Collection 7 Mining in DRC Diamond 

Kasai Province Partners with Mining Cadastre to Increase Diamond Surface Tax Collection

Constance
Kasai Province Strengthens Partnership to Boost Diamond Surface Tax Revenues Kasai Province is intensifying its efforts to boost surface tax collection from its diamond mining concessions. On September 12, 2025, the provincial government signed a memorandum of understanding with the Cadastre Minier (CAMI), the agency responsible for managing the Democratic Republic of Congo’s mining domain, to enhance mining revenue collection. The agreement provides technical support and staff training to strengthen tax collection systems, share cadastral databases, and build capacity within the provincial administration. This initiative is part of a broader… Read More Here
Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump 8 Diamond Economy International 

Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump

Constance
Botswana Holds Rare Diamond Auction as Global Gem Demand Weakens Botswana is staging an unprecedented diamond auction in a bid to shore up government revenues battered by a prolonged slump in the global gems market. The state-owned Okavango Diamond Company (ODC) is offering about 1 million carats of rough diamonds in a one-off “closed” tender, ODC spokesperson Dennis Tlaang confirmed last week. Unlike the company’s regular auctions—planned well in advance for registered buyers—this ad-hoc sale was organised at short notice, according to Bloomberg. Sources familiar with the process say the… Read More Here
Angola Enters Race for De Beers Stake with Pan-African Ownership Proposal 9 Diamond Corporate News International 

Angola Enters Race for De Beers Stake with Pan-African Ownership Proposal

Constance
Angola’s Endiama Bids for Minority Stake in De Beers, Proposing Shared African Ownership Model Angola’s state-owned diamond company, Endiama, has formally submitted a bid for a minority stake in De Beers, intensifying competition for control over the world’s largest diamond producer as parent company Anglo American prepares to sell. The Ministry of Mineral Resources confirmed that Endiama lodged a “fully financed offer.” Minister Diamantino Pedro Azevedo said the proposal aims to establish a pan-African ownership model that prevents dominance by any single country while safeguarding De Beers’ independence and competitiveness.… Read More Here

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