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Rio Tinto Diavik diamonds 140
Rio Tinto Output Falls Amid Argyle Closure
Rio Tinto’s diamond production fell in 2020 as the miner reduced output from its Argyle site in Australia in preparation for its shutdown.Total production slid 14% to 14.7 million carats for the full year, the...
Mining Jan 20, 2021 Rapaport News
Argyle Closure
Rio Tinto Ends Mining at Argyle
Rio Tinto will dig the last diamonds up from the ground at its Argyle deposit in Australia on Tuesday, marking the end of an era in the industry.The company will continue to sift through ore at the adjacent processing...
Mining Nov 02, 2020 Leah Meirovich
Rio Tinto 150
Rio Tinto to Sell Final Argyle Specials
Rio Tinto will launch a tender of large rough diamonds, including the last of its special stones from the Argyle deposit in Australia.The miner will feature 28,399 carats of special-sized rough — weighing more than 10.8...
Mining Oct 21, 2020 Rapaport News
Rio Argyle mine 150
Lower Grades at Argyle Hit Rio Tinto Output
Rio Tinto’s diamond production dropped in the third quarter amid lower mining grades at its Argyle deposit, the company reported Friday.Output at the Australian mine fell 10% year on year to 3.2 million carats in the...
Mining Oct 18, 2020 Rapaport News
Rio Tinto
Losses Deepen at Rio Tinto’s Diamond Unit
Weak rough demand and a devaluation of assets pushed Rio Tinto’s diamond division further into the red in the first half of the year, the miner reported Wednesday.The unit recorded a net loss of $40 million...
Mining Jul 29, 2020 Rapaport News
Rio Tinto
Rio Tinto Grants Rough Buyers Flexibility
Rio Tinto has given customers flexibility with their rough purchases since the Covid-19 crisis began, allowing them to buy only what they needed.“We provided full flexibility for all our customers and...
Mining Jul 28, 2020 Leah Meirovich
Rio Tinto
Rio Tinto Output Slides in First Half
Diamond production at Rio Tinto dropped 7% year on year in the first half of 2020 as the miner recovered lower-grade ore at its Diavik mine in Canada.The company’s share of production at the Argyle and Diavik mines came to 7.7...
Mining Jul 19, 2020 Rapaport News
Miners
Heavy Debt Looms over Mining Shutdown
A number of diamond-mining companies that have halted production during the COVID-19 crisis will find it difficult to resume operations amid their struggles with debt, analysts have predicted.The warning comes after several miners announced...
Mining Apr 23, 2020 Leah Meirovich
Rio Tinto
Rio Tinto Stands By Production Forecast
Rio Tinto has maintained its diamond-production outlook for 2020 despite market shutdowns due to the coronavirus pandemic.The miner expects to produce between 12 million to 14 million carats from its Argyle mine in Australia and its...
Mining Apr 19, 2020 Rapaport News
Rio Tinto
Govt. Allows Mining at Argyle to Continue
Mining at Rio Tinto’s Argyle deposit in Australia is proceeding as usual, despite a lockdown amid the coronavirus pandemic.The company has received full approval from the Western Australian state government to continue its production operations prior...
Mining Apr 06, 2020 Leah Meirovich
Argyle pinks
Rio Tinto Diamond Revenue Drops in 2019
Revenue from Rio Tinto’s diamond division slid 11% to $619 million in 2019 as prices for rough diamonds weakened, the miner reported Wednesday. The diamond unit recorded a net loss of $21 million, compared with...
Mining Feb 26, 2020 Rapaport News
Rio Tinto Argyle mine
Rio Tinto Lowers Outlook as Argyle Closure Looms
Rio Tinto expects a decline in diamond production in 2020 as it reduces output at its Argyle mine in Australia, which is set to close in the fourth quarter.The company will produce between 12 million and 14 million carats for the year,...
Mining Jan 19, 2020 Rapaport News
Sotheby's
Sotheby’s to Sell Rare Fancy-Color Diamond
A rare fancy-deep-grayish-blue diamond ring with a highestimate of $8 million is set to lead Sotheby’s Magnificent Jewels sale in NewYork next month.The cushion-cut, 7.55-carat, type IIb, SI2-clarity stone,called the Indian Blue, is valued at $6 million to $8 million, and displays...
Polished Markets Nov 12, 2019 Rapaport News
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
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
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
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