Mountain Province looks to biggest shareholder for revenue, refinancing

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

Alrosa has traditionally focused on rough-diamond mining but is gradually changing its business after Sergey Ivanov became CEO a year ago.

The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.

Construction of a new open pit at the mine has been delayed until further notice.

Mugabe to face legislators over his previous pronouncements that the state had been deprived of at least $15 billion in diamond revenue by mining companies.

The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.

The DIVA museum has a butler that allows visitors to peek inside various rooms where precious treasures are kept.

Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.