The 62-year-old will be honoured alongside cellist Yo-Yo Ma and singer-songwriter Neil Diamond.

BBC: Meryl Streep to receive Kennedy Center honour

Fifty one year-old Kvalheim, along with co-President Jerry del Missier, and Chief Executive Bob Diamond, is considered one of the main architects of the investment banking division of British bank Barclays.

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At the moment the mine has an 11 year reserve-based mine life with maximum diamond production peaking at 2.1 million carats per year, and averaging 1.7 million carats per year over the life of the mine.

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Last year, he teamed up with four other cave-loving professional couples to purchase Diamond Caverns from a big resort company.

ECONOMIST: Kentucky��s caves

Next year, world governing body IAAF will launch the Diamond League, a 14-city tour also including events in Asia and the United States.

BBC: Powell beats Gay in Brussels 100m

This Diamond Jubilee year commemorating Queen Elizabeth's 60-year reign is also the 50th anniversary of the Bond films, starting with "Dr. No, " and the series is receiving renewed attention.

CNN: James Bond on Her Majesty's Secret Service

Mr Diamond resigned last year in the wake of the Libor rate-fixing scandal.

BBC: Barclays bank 'ignored pay warnings'

It has been an eventful year for the royal family, with the Queen celebrating her Diamond Jubilee in June, marked with UK-wide celebrations.

BBC: Queen's Christmas message hails Olympic stars

Last year, Tiffany, famous for its diamond engagement rings, increased its sales by 29% in its Asia-Pacific market, excluding Japan.

BBC: Tiffany expects profits to be hit by Japan events