Russia's government has sold a 10.9 percent stake in its diamond miner Alrosa. It's the first in a series of privatizations planned as the government tries to plug the country's budget deficit.
Australia has unveiled the country's most expensive coin for collectors. It comes with pink diamonds and is considered legal tender, with the coin now waiting to be sold to the highest bidder.
Unsettled post-election DR Congo has been urged to form a national unity government by the Southern Africa Development Community. SADC's chairman, Zambian President Edgar Lungu has also suggested a 'recount' in the DRC.
For months now, Africa's rough diamonds have been increasing in value but the sale proceeds do not reach the people. Instead, they benefit metropolitan elites and the mine companies, which are usually foreign-owned.
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