Stellar Diamonds jumps on Tongo-Tonguma tribute mining agreement

The Canadian government followed through on last month's budget promise to streamline environmental reviews of resource projects with a plan for "responsible resource development."

The International Monetary Fund increased its outlook for the world's economy on Tuesday, saying it expects global GDP to expand by 3.5 per cent this year.

Luxury jeweler and watchmaker Harry Winston Diamond Corp said today that production at its Diavik mine in Canada's Northwest Territories was up about 19% in the first quarter on improved grades.

Peregrine Diamonds Ltd. has discovered two kimberlites in the Lac de Gras region of Canada's Northwest Territories.

Zimbabwe, whose government in January hiked exploration fees by up to 8,000% in a bid to curb speculative holding of mining titles, is ordering over 100 exploration companies to resubmit applications.

Rough diamond prices were expected to continue climbing “across the market” this year, London-listed Gem Diamonds said on Monday.

MINING.com counts more than 90 billionaires involved in minerals, metals and mining on the planet with a combined wealth of well over $300 billion.

Private equity firm Kohlberg Kravis Roberts & Co. wants to buy the diamond mining operations of BHP Billiton Ltd. and Rio Tinto PLC and merge them to create a challenger to the two diamond industry leaders De Beers and Alrosa, reports The Sunday Times.

A small number of investment professionals around the world are competing behind the scenes to turn the gem into a commodity that would be available to investors in the way that gold has been traded through funds on exchanges.