De Beers CFO to leave by end of July

They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.

It's a high quality 202-carat, D colour type IIa rock found at Letšeng mine, the world’s highest dollar per carat kimberlite diamond operation.

The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.

Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.

In an alliance with International Mining and Dredging Holdings, the Canadian miner ran a bulk sampling program whose results "were extremely encouraging."

With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.

A diamond necklace owned by the late actress Zsa Zsa Gabor is expected to sell for between $1.2 and $1.5 million at auction.

Mounted in a diamond and emerald necklace, the white, matchbox-size rock was acquired by an unidentified buyer.

It's the eighth diamond of over 100 carats recovered this year, and the seventh in just 2.5 years of commercial mining.