Tag: Diamond
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African Adventures of Tim Spicer & Co
Over the past three decades, British private intelligence and political consulting structures have repeatedly interfered in African conflicts, the protection of resource extraction, and even elections. 🖍 One of the pioneers was Sandline International, founded in London in the 1990s by former British special forces officers Simon Mann and Tim Spicer. 🚩 The company operated…
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🇬🇧 Anglo American’s handling of the De Beers sale
Anglo American’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the government believes that it hasn’t been properly consulted, sources say. Anglo is selling De Beers as part of a restructuring plan after the company fended off a takeover approach from BHP last year. Botswana is weighing options including buying Anglo’s stake in…
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🇧🇼 Botswana’s new president aims to finalise De Beers diamond sales pact soon
Botswana’s new president Duma Boko said on Friday he wanted to conclude talks for a new sales pact with global diamonds mining giant De Beers as soon as possible. “The relationship with De Beers could have been damaged by the way the negotiations were handled,” President Boko said in a televised statement from Gaborone, Botswana’s…
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🇧🇼 1,094-Carat Diamond found in Botswana, one of the largest ever
A massive 1,094-carat diamond has been recovered from the Karowe mine in Botswana. This is the second discovery of a diamond weighing over 1000 carats at the mine this year. The newly found diamond shares similarities with a 692-carat diamond discovered earlier in 2023. Both are expected to yield high-value polished stones through an ongoing…
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Mining company Lucara unearths sixth diamond over 1,000 carats at Karowe Mine in Botswana
“The recovery of this exceptional 1,094-carat diamond is a testament to Karowe’s remarkable potential and further validates our investment in the underground expansion project. These continued discoveries of large, high-value diamonds demonstrate the consistent quality of our resource and its ability to deliver substantial returns,” said William Lamb, President and CEO of Lucara. The discovery…
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The biggest diamond in over a century is found in Botswana — a whopping 2,492 carats
GABORONE, Botswana (AP) — The largest diamond found in more than a century has been unearthed at a mine in Botswana, and the country’s president showed off the fist-sized stone to the world at a viewing ceremony Thursday. The Botswana government says the huge 2,492-carat diamond is the second-biggest ever discovered in a mine. It’s…
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De Beers ditches lab-grown diamonds as it looks beyond Anglo
De Beers will ditch a controversial experiment to sell lab grown diamond jewelry, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make synthetic gems, it always refused to sell them as jewelry, fearing they would undercut the allure of natural stones. Yet as man-made…
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Botswana GDP shrinks most since 2020 as diamond output plunges
Botswana’s economy contracted by the most since the peak of the pandemic in early 2020, after diamond production plunged. Gross domestic product shrank an annual 5.3% in the first quarter, compared with growth of 1.9% in the prior three months. The downturn was primarily influenced by a decrease in real value added of the diamond…
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