Armenia is a key supplier of diamonds in the world.
The rare diamonds that were expected to rake in a large amount of money were either unsold or just fetched in way below expectations.
Top producers know that the gemstone market is big that's why an e-commerce expansion is seriously considered.
Sales of rough diamonds in Belgium, Brazil and Botswana have not been impressive so far this year.
The sales of diamonds dipped but experts are expecting a rebound as winter holidays are coming up.
Rubies are known all over the world due to their intense red color and expensive price tags.
China can influence prices for rare earth minerals because the country is a massive producer of it.
Russia is set to implement reforms in its diamond processing to compete with global leader India.
Experts are exploring the ocean floor for rare earth minerals.
The future of Canada's Dominion Diamond is bright amid bullish expectations from experts.