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.
Diamonds and oranges: Five countries that jointly represent at least 40 per cent of the world's people and GDP discussed details of economic collaboration at the 10th BRICS summit in South Africa.
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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