The WFDB believes that the new platform would also strongly contribute to the promotion of the trade and to healthy competition.

The company will focus on copper porphyry exploration in Canada and the US.

De Beers is set to hold an emergency meeting with the government next week.

An estimated 75% of jewelry stores in Mainland China, and the surrounding regions encompassing Greater China, were shut for an estimated 40-50 days through the first week of March.

Overall sales of Lulo diamonds to date total $168 million at an average price per carat of $1,900.