Scientists figure out how to make it rain diamonds

Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.

Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.

Kimberley Process leader Gillian Milovanovic is proposing a new definition of conflict diamonds to include acts of violence and broader human rights issues.

Toronto-based jeweller and watchmaker Harry Winston, is suing M.K. Winston Jewelers for alleged copyright infringement.

While the jade market in China is a fraction of its overall jewellery trade, the collapse in the value of the stone could indicate tough times for other markets like diamonds and precious metals.

Okavango Diamond Company (ODC), the new diamond trading enterprise owned by the Botswana government, today (Monday) announced its interim board with Toby Frears as its first managing director.

South Africa’s third wealthiest man and mining entrepreneur, billionaire Christoffel Wiese, it is said to owe the country’s revenue agency (Sars) an estimated $250 million (R$2 billion) in unpaid taxes.

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in Botswana.

Russian gold reserves represents roughly 10% of the world's total supply. However, foreign companies are leery to move into a country that regulates gold reserves over 50 tonnes to be that of 'federal significance'.