Statistics Canada revealed today that the provinces of Alberta and Saskatchewan led the country in economic growth in 2011, buoyed by the extraction and exploration of their natural resources.
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.
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 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.