Diamond Wednesday: Five Diamond Developments You Should Be Following

Five stories that are on the industry’s radar this week:

– Outgoing De Beers CEO seemingly embraces a diamond investment fund.

– Gitanjali is being restructured, but executives say the move won’t impact its U.S. business.

– Things don’t look good in Zimbabwe: The second Marange diamond auction was held in secret, and the military may not be leaving the diamond fields.

– Rio Tinto wants to be a larger player in the diamond business. The company is extending the life of the Argyle mine and is planning a mine in India.

– A principal of Rosy Blue worries that people now favor electronics over diamonds.