De Beers sells out of Canada
De Beers has put its Snap Lake diamond mine in Canada up for sale after suspending operations at the unprofitable mine last December
De Beers has put its Snap Lake diamond mine in Canada up for sale after suspending operations at the unprofitable mine last December
The world's largest uncut diamond, bigger than a tennis ball, is going up for auction. It may be worth $117 million.
A blue diamond set a record price for a jewel in auction when it went under the hammer at Christie's in Geneva.
Record-breaking sale of 813-carat jewel raises the prospects for another unearthed last year.
Rio Tinto will cut back its production of diamonds this year and focus on bringing more affordable jewellery to the Chinese market.
Treasurer Joe Hockey has reiterated his calls for the US Federal Reserve to lift interest rates for the first time in nine years, saying on Wednesday that the global economy was ready to weather any fall-out from the long-anticipated move.
He's a big character in the mining industry and has done everything from finding diamonds to running a vineyard and raising fish. Now he laments the passing of an era.
Super-rare red diamonds are set to steal the limelight at Rio Tinto's annual tender of its best coloured diamonds.
Mark Cutifani's overhaul of Anglo American aims to hoist its return on capital employed to 15 per cent in the next two years, from just over half that now. It's a long road.
Three of the world's top central bankers call on governments to do more to boost growth.
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