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Rio Tinto
Rio Tinto Output Falls Amid Lower Grades
Lower mining grades and reduced ore availability contributedto a drop in Rio Tinto’s third-quarter diamond production, the company reportedWednesday. Output at its wholly owned Argyle mine in Australiafell 7% year on year, yielding 3.6 million carats...
Mining Oct 17, 2019 Rapaport News
DPA
DPA Chief Lieberherr Steps Down
Jean-Marc Lieberherr has resigned as CEO of the DiamondProducers Association (DPA), an organization he has led since its formation in2015. Lieberherr became the DPA’s first chairman in December 2015,before taking on the role of CEO in February 2016....
Polished Markets Oct 15, 2019 Rapaport News
Rio Tinto
Rio Tinto Unveils $1.1M Argyle Jewels
Rio Tinto has unveiled a necklace-and-ring set worth $1.1million, created from 673 diamonds recovered from its Argyle mine in Australia. The jewels, called Argyle Dreaming, were handcrafted byjewelry designer John Calleija using...
Polished Markets Oct 06, 2019 Rapaport News
Marketing
Opinion: An Urgent Call to Invest in Marketing
The diamond industry must significantly increase its marketing spend to ensure the trade’s longevity. This need is highlighted by the difficult conditions the sector has endured over the past few years.Recent challenges have...
Marketing Sep 09, 2019 Shashin Choksi & Siddharth Choksi
Rio Tinto
Rio Tinto Unveils Array of Rare Argyle Pinks
Rio Tinto has launched a collection of rare pinkdiamonds from its Argyle mine, which has been specially curated to showcase thefull color palette of the deposit’s stones. The Argyle Pink Everlastings collection contains 64 lots...
Mining Sep 09, 2019 Rapaport News
WDC Kaninda 150
WDC Executive Director Exits Organization
Marie-Chantal Kaninda hasstepped down as executive director of the World Diamond Council (WDC) after two and a half years in the position. “Marie-Chantal’s influence on the WDC has been profound,”WDC president Stephane Fischler said Tuesday.“As...
Rough Markets Sep 03, 2019 Rapaport News
Sotheby's
Sotheby’s Expects $26M for Pink Diamond
A 10.64-carat pink diamond ring worth up to $25.5 million will go under the hammer at Sotheby’s Hong Kong sale. The fancy-vivid-purplish-pink center stone is internallyflawless, the auction house told Rapaport News Friday. Sotheby’s willoffer the...
Polished Markets Aug 18, 2019 Rapaport News
KGK, Botswana
Who’s Buying the Rough in 2019?
The stability of the diamond industry is largely in thehands of 122 manufacturers and dealers that buy rough on a contractual basis. Many of the sector’s current problems have resulted from too much rough entering the market...
Rough Markets Aug 11, 2019 Joshua Freedman
pink and yellow fancy color 150
Pinks Show Strongest Price Growth
Prices of pink fancy-color diamonds outperformed other majorcolor categories during the second quarter, the Fancy Color Research Foundation(FCRF) said. Prices of pinks rose 0.4% quarter on quarter for the threemonths ending June 30,...
Polished Markets Aug 05, 2019 Rapaport News
Rio Tinto
Rio Tinto Incurs Loss in Diamond Division
Weak rough prices pushed Rio Tinto’s diamond unit into thered in the first half of the year, the miner reported Thursday. The division recorded a net loss of $5 million for the sixmonths ending June...
Mining Aug 01, 2019 Rapaport News
Firestone
Small-Stone Slump Hits Firestone Revenue
Firestone Diamonds saw a decline in sales during its fiscal fourth quarter due to a drop in demand for small, lower-value diamonds that make up the bulk of its supply. The company reported sales of $12.7 million for...
Mining Jul 29, 2019 Rapaport News
Argyle mine 600
Rio Tinto Output Falls in 1H
Diamond production at Rio Tinto dropped 10% year on year inthe first half of 2019, as the miner recovered lower-grade ore at its Argylemine in Australia. The company’s share of production at the Argyle and Diavik mines came...
Mining Jul 16, 2019 Rapaport News
Rio Tinto Argyle pink tender 2019
Rio Tinto Unveils Roster of Pink Diamonds
Rio Tinto has launched what’s likely to be one of its lastannual pink-diamond tenders, as the company gears up to close its flagshipArgyle mine.The Argyle Pink Diamonds Tender, which has run since 1984,comprises rare polished colored...
Polished Markets Jul 14, 2019 Rapaport News
Argyle Octavia 150
Argyle Yields Its Largest-Ever White Diamond
Rio Tinto’s Argyle mine has yielded the largest gem-qualitywhite diamond in its 35-year history, the miner said Tuesday. The 28.84-carat stone, named Argyle Octavia for itsoctahedral shape, was discovered at the Australia-located...
Mining Apr 23, 2019 Rapaport News
Rio Tinto
Rio Tinto Diamond Production Falls
Diamond production at Rio Tinto dropped 18% year on year inthe first quarter of 2019, as the miner recovered lower-grade ore at its twodeposits. Production came to 3.8 million carats for the three monthsending March 31,...
Mining Apr 16, 2019 Rapaport News
DEF
DEF Debuts Scholarships for Canadian Industry
The Diamond Empowerment Fund (DEF) has launched its firsteducational grants for young people in Canada’s Northwest Territories (NWT). “Creating education and employment opportunities for youthwho live in areas where natural diamonds are...
Mining Apr 14, 2019 Rapaport News
Rio Tinto
Rio Tinto’s Diamond Sales Slip in 2018
Revenue from Rio Tinto’s diamond division slid 1.6% to $695million in 2018, the miner reported Wednesday. The diamond unit’s profit rose 28% to $118 million, whileearnings before interest, tax, depreciation and amortization (EBITDA)...
Mining Feb 27, 2019 Rapaport News
TCWR 150
Canada’s Ice Road Opens for Milestone Year
February is a crucial time for Canada’s diamond mines.Located in the most remote region of the country’s frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations...
Mining Feb 07, 2019 Leah Meirovich
Rio Tinto Argyle
Rio Tinto 2018 Recoveries Decline
Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavikmines led to a 15% drop in the company’s diamond production to 18.4 million carats in 2018.Output at the Argyle asset in Australia slid 18% to 14.1 million carats for the...
Mining Jan 20, 2019 Rapaport News
Top 10 2018 montage
Top 10 Stories of 2018: A Year of Synthetics
This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
Polished Markets Dec 18, 2018 Joshua Freedman
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