Currently viewing Global edition

Lost sector-sparkle drives big diamond merger proposal

The widening price gap between high-quality and low-quality diamonds has sparked a proposal for the merger of four southern African miners to create a new diamond mining business.

Lost sector-sparkle drives big diamond merger proposal Lost sector-sparkle drives big diamond merger proposal Lost sector-sparkle drives big diamond merger proposal Lost sector-sparkle drives big diamond merger proposal Lost sector-sparkle drives big diamond merger proposal

Monster 1,109-carat Lesidi La Rona gem found in Botswana

Gem Diamonds, Petra Diamonds, Lucara Diamond Corp and Firestone Diamonds are the potential merger partners, according to a report by the London staff of the German bank, Berenberg.