Washington Companies buys Dominion Diamond for $1.2 billion

Billionaire Arkady Gaydamak has lost a court bid to reclaim hundred of millions unpaid commissions and dividends from "king of diamonds" in a battle over Angolan assets.

Diamond mining company Rockwell Diamonds reported on Wednesday that its diamond sales for the first quarter of its 2013 financial year reached 6 234 ct and generated $5.9 million.

The rapid industrialization of China and India will be good for the diamond business, and in the next decade demand will break through the peak reached in 2006, according to an analyst at Bain & Co.

British scientists have discovered that adding small amounts of nanodiamonds - pieces of carbon less than a ten-thousandth of the diameter of a human hair - make powder detergent much more effective at removing dirt and grease.

Canadian Rockwell Diamonds announced its carat production for the first quarter of this year improved by 74% to 6116 carats from the same period last year.

A Chinese magnate, benefiting from his access to diamonds in Zimbabwe, is reported to have ploughed $100 million into the country’s Central Intelligence Organisation to fund covert operations against Mugabe's political opposition.

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their investment.

As premier sponsor of the Jewellery News Asia (JNA) Awards, Rio Tinto congratulated the shortlisted finalists announced at a press conference in Hong Kong last Thursday.