De Beers says lab-grown diamond wholesale prices fall by up to 60%

It all began about 900 million years ago.

Because the patron saint of mining is a woman.

Most of the profit goes to powerful military and ex-junta figures instead of the state coffers, a report reveals.

In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.

Mahesh C. Khemlani has been installed as the new President of the Panama Diamond Exchange in an inauguration ceremony conducted yesterday morning on the PDE trading floor.

Commodity Sentiment Index shows it's always coldest before the dawn.

Diamond Services has announced that it will begin offering synthetic diamond screening services directly to the Chinese diamond trade through the facilities in Shanghai of NGGC, the state-owned gem laboratory that is one of the largest grading institutes in China.

The rough-diamond miner extracted about 11.6 million carats in Q3, or 20% more than in the same period last year. However, it could only sell 4.9 million carats.

Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.