The new rules are an improvement, but proper implementation is vital, writes Murray Hunter and Cherese Thakur.
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Since discovering a 910 carat gem diamond just last week, Gem Diamonds has recovered another large high quality diamond.
Gem Diamonds has discovered the two huge diamonds, each bigger than 100 carats, at its Letseng mine.
Gem Diamonds has said it might need to reassess its full-year guidance for operating costs and ore tonnes treated after extreme weather conditions in Lesotho.
Diamonds are losing their allure for many consumers more interested in spending money on vacations, fancy handbags and high-tech gadgets.
Diamond miner Gem Diamonds says its underlying core earnings for the year arose 34.6% as it sold more diamonds at higher prices.
The first diamonds recovered from Gem Diamonds' new mine in Botswana will go on sale in February, the company says.
Gem Diamonds, whose flagship mine located in Lesotho, says it did not anticipate any impact on its operations from the political crisis unfolding in the country.
Gem Diamonds says it has recovered an "exceptional" 198-carat white diamond from its Letseng mine in Lesotho.
Gem Diamonds has recovered more carats from its flagship Letseng diamond mine in Lesotho in the first quarter and says it sold rough diamonds at higher prices.
A 910 carat gem diamond has been recovered in a Lesotho mine - the fifth largest gem quality diamond ever recovered.
Gem Diamonds has discovered two diamonds bigger than 100 carats at its Lesotho mine, bringing the struggling miner a step closer to ending a drought of large stones.
Keeping giant gems intact during the mining process is a challenge for companies that account for most of the global production of these multi-million dollar whoppers.
Gem Diamonds' sales have increased in the year to date as it sold more high-grade diamonds from its flagship mine in Lesotho despite a weaker diamond market.
Diamond miner Gem Diamonds sees weakness in diamond prices in the fourth quarter that could continue in early 2015.
London-listed Gem Diamonds says it has sold a 198-carat white diamond recovered from its Lesotho mine in August for $10.6m.
Gem Diamonds has reported an 87% jump in first-half underlying core earnings as it sold more diamonds at higher prices.
Gem Diamonds has posted an 80% jump in first-half revenue from its flagship Letseng diamond mine in Lesotho, driven by higher prices.
Gem Diamonds' full-year underlying core earnings jumped 18%, benefiting from higher diamond prices in 2013.
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