App uses augmented reality to help diamond buyers

The emergence of diamond hedge funds could see precious gems usurp gold and silver's place in the spot light as safe harbor stores of value.

The descendants of the last Maharaja of the Sikh Empire, who was forced to hand over the Koh-i-noor diamond to Queen Victoria, launched a court action Monday for his body and possessions to be returned to India.

Peregrine Diamonds Ltd. (TSX: T.PGD) and De Beers Canada are negotiating a partnership deal to operate Canadian Chidliak mine.

Rio Tinto is taking its collection of the world's most rare and valuable pink, red and blue diamonds to the auction table.

Shares in London-listed Botswana Diamonds jumped nearly 12% after an encouraging exploration update.

Perth's Lonrho Mining (ASX:LOM) has discovered a giant 131.5-carat gem-quality white diamond at its Lulo Concession mine in Angola.

Rio Tinto has announced it will slash staff positions by almost a fifth at its Argyle diamond mine in Western Australia.

Paragon Diamonds (LON:PRG) has signed a financing agreement for its Motete Dyke project in Lesotho, paving the way for production to start in 2013.

Mining giant Rio Tinto (LSE:/NYSE:/ASX:RIO) has unveiled its inaugural set of jewelry made using diamonds from its Bunder mine project in India's Madhya Pradesh.