Angola's Catoca lost almost $500 million as a result of underpricing due to the government's marketing system.
The GemFair program's pre-pilot stage will take place in West Africa's Sierra Leone.
Lucara Diamond acquires Clara, a digital platform which uses blockchain technology and cloud computing in selling its products in the diamond industry.
Gemstone marketing in the Asia Pacific has taken a more distinct and aggressive approach.
2018 promises to be a big year for platinum industry if it can offset weak demand for fuel cell cars.
A video has surfaced detailing the closed-door meeting between heads of mining companies about the licenses being offered to new investors.
Adding pressure to Israel's diamond industry is the fact that India has taken its spot in the global market.
The Israel Diamond Exchange also launched the Carats.IO Diamond Currency during the event.