MINING

Ghana's government has created a task force to fight illegal gold and diamond mining in the country. The president blamed the illegitimate practice for costing the country millions of dollars in lost revenue due to the environmental degradation, reports the Africa Review. As...

A new BMO report predicts diamond prices will increase an average of 6% per year between 2014 and 2020 based on growing demand in China and India, according to Bloomberg. The industry is unlikely to surpass its 2007 peak around 160 million carats because new discoveries have...

  Quiet talk about the advantages of investing in diamond is now reaching a crescendo, with the launch by financial institutions of different diamond exchanges and traded funds. As with any new trend, those on the inside track have the initial advantage...

The last decade’s commodity supercycle, in which prices have been on an upward trend, has come to an end, said Tuesday Citi Research, which has been warning of a “supercycle sunset” since last year. In today’s research note, Citi’s head of commodities research, Ed Morse,...

Tanzania’s Williamson diamond mine, which is majority owned by Petra Diamonds (LON:PDL), has a potential mine life of over 50 years, although the current mine plan only accounts for 18 years, reports AllAfrica.com. According to the interim management statement issued earlier...

Rio Tinto Diamonds (LON:RIO) launched Thursday a sales platform to auction a portion of its Diavik diamond production outside of its usual supply agreements with diamantaires. The online trading place is aimed at increasing efficiency for diamantaires’ rough sourcing...

Canada's Lucara Diamond (TSX: LUC) completed a $24.85 million tender Wednesday for 15 single stone lots, including $5.75 million for a 239 carat rough stone. Four other rough diamonds sold for more than $2.5 million. For the whole sale, the average price was $30,468...