Diamond industry’s torrid year set to continue for some time

Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.

Deal creates one of the largest diamond mines in West Africa.

The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Kashif Khan wants Canadian investors to get acquainted with some unusual diamonds

The company has repeatedly offered to engage with Washington Corp on "customary terms," according to Chairman Jim Gowans, but that has not happened.