It plans to reduce operating costs by $1.4-$1.6 million monthly and cut 20% of it workforce at its Letšeng mine in Lesotho.

Russia’s diamond industry is not experiencing a full-scale crisis, and the actual situation has turned out to be better than anticipated, Russian Deputy Finance Minister Alexey Moiseyev said in ...

Cheap man-made diamonds are making life harder for miners, flooding the market with gems nearly indistinguishable from ...