A Tanzanian minister, George Simbachawene on Thursday resigned following the outcome of an investigation into a diamond mining contracted awarded to Petra Diamonds Ltd.
The President of Tanzania John Magufuli has ordered the resignation of senior public officials in his country following a probe into a mining contract awarded to Petra Diamonds Ltd.
The International Monetary Fund (IMF) has revised Botswana's 2017 and 2018 economic growth forecast due to rising diamond demand, investment in the water and power sector and reforms to attract investment.
Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.
A Christian pastor has discovered one of the world's largest uncut diamonds in Sierra Leone's Kono district.