Rio Tinto sees rosy future for diamonds despite end of Argyle

The company's total diamond sales last month amounted to $255.2 million, 63% higher than in November last year.

Move takes the group’s total investment in the Indian city of Surat, which has the largest concentration of diamond skilled workers in the world, to $15 million.

Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Company says it was forced to lay off employees from across the business given "current market conditions."

The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.

Global miners have been cutting spending on new projects and expansions since 2012.

Undeterred by transportation challenges at its northern Canadian diamond property, Peregrine Diamonds is about to open its wallet for the next phase of exploration.

Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.