Gem Diamonds mining lease for Letšeng renewed for 10 years

In 2016, the diamond industry has been marked by the follow-through of actions taken by De Beers, ALROSA and Rio Tinto to curtail global supply.

The diamond producer by value sold $418 million of gems in its 10th cycle, compared with $476 million at its previous offering, which shows demand has slowed since India's withdrawal of high-value bills.

Technological leaps have allowed companies to create large numbers of gem-quality stones inexpensively, but very few know how they are really made.

Diamonds' position at the pinnacle of the Mohs scale could be in jeopardy according to recent research by scientists at Australian National University.

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.