Louis Vuitton is turning the world’s second-biggest diamond into jewellery

As Australian firm A-Cap Resources has applied for a mining licence for its flagship Letlhakane project.

The company, a joint venture between Botswana and De Beers, said the measure follows a downturn in the global diamond market.

Another surge on Thursday as Chinese stockpiles continues to decline.

Chief executive Nelson Pizarro warned Codelco is ready to “cut costs to the bones,” and revealed the layoff process has already started.

The London-listed precious stones miner plans to buy two emerald projects in Colombia.

Experts believe the troubles affecting gold producers in South Africa go way deeper than a slump in prices for the metal or the usual cycles the mining industry experiences.

Glencore's bold move and huge jump in Chinese concentrate imports light fire under copper price.

The companies are expected to make an official announcement on Wednesday.

Since the recovery of the first large diamond from the Karowe mine in 2013, Lucara has found 216 gems, which it has sold for more than $250,000 each.