Coloured diamonds becoming everyone’s favourite, auctions show

Liberian ex-president, Charles Taylor, was convicted today of war crimes for arming Sierra Leone's rebels in return for blood diamonds during the 1991-2002 civil war by a United Nations-backed court.

One of the world's oldest, rarest, and most coveted diamonds is going up for auction at Sotheby's.

Lucara's Karowe diamond mine in Botswana has yielded its first precious stones.

Canadian Peregrine Diamonds has discovered a third kimberlite during its winter drill program in the Lac de Gras region, Canada, one of the most prolific diamond districts in the world since kimberlite was first discovered there in 1991.

A rare nine-carat pink diamond ring belonging to philanthropist and heiress, Huguette Clark, sold for $15 million at a Christie's auction.

A trader at the Israeli diamond center has been barred from entering the diamond complex in Ramat Gan after allegedly operating a Ponzi scheme. On Wednesday, a $1.3 million lawsuit was filled against him, claiming a 'sting' operation.

Diamond production by De Beers decreased to 6.2 million carats in the first quarter. This is a decline of 16 percent year-over-year and 4 percent compared to the fourth quarter of 2011.

An expert has tipped the price of diamonds to rise by more than 30 per cent over the next two years because of expected consolidation in the industry and increasing investor interest in the sector.

Heavy rains and a prolonged strike at its Queensland coal mines have taken their toll on the world's biggest miner.