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Lucapa Unveils 15ct. Polished Pink Diamond
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Lucapa Diamond Company has released the polished results of a 46-carat pink rough it sold into a manufacturing partnership with Graff subsidiary Safdico. A heart-shaped, 15.2-carat, fancy-intense-orangey-pink, VVS1-clarity diamond is one of three stones Safdico cut from...
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Polished Markets
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Dec 03, 2020
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Rapaport News
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$27M Pink Diamond Sets Record at Sotheby’s
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Alrosa’s Spirit of the Rose has achieved the highest price for any purple-pink diamond, selling to an anonymous bidder for nearly $27 million at Sotheby’s Geneva.The oval modified brilliant-cut, 14.83-carat, fancy-vivid-purple-pink, internally flawless, type...
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Polished Markets
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Nov 12, 2020
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Rapaport News
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Rio Tinto Ends Mining at Argyle
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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...
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Mining
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Nov 02, 2020
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Leah Meirovich
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Rio Tinto to Sell Final Argyle Specials
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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...
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Mining
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Oct 21, 2020
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Rapaport News
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Lower Grades at Argyle Hit Rio Tinto Output
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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...
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Mining
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Oct 18, 2020
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Rapaport News
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Rio Tinto Kicks Off Penultimate Pink Tender
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Rio Tinto will offer a record-breaking diamond at its penultimate pink-diamond tender as it prepares to close the Argyle mine.The 2.24-carat, fancy-vivid-purplish-pink diamond, known as Argyle Eternity, will headline the Argyle Pink Diamonds Tender, which has...
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Polished Markets
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Sep 03, 2020
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Leah Meirovich
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Losses Deepen at Rio Tinto’s Diamond Unit
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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...
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Mining
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Jul 29, 2020
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Rapaport News
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Rio Tinto Stands By Production Forecast
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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...
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Mining
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Apr 19, 2020
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Rapaport News
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Govt. Allows Mining at Argyle to Continue
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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...
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Mining
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Apr 06, 2020
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Leah Meirovich
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Rio Tinto Diamond Revenue Drops in 2019
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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...
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Mining
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Feb 26, 2020
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Rapaport News
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Rio Tinto Lowers Outlook as Argyle Closure Looms
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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,...
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Mining
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Jan 19, 2020
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Rapaport News
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Diamonds That Created a Buzz in 2019
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It was another big year for big diamonds, with several stones that raked in big bucks, set records, or otherwise made headlines. These were the stones that caught our attention in 2019.Biggest money makers1....
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Polished Markets
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Dec 31, 2019
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Leah Meirovich
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Phillips Garners Nearly $10M at Hong Kong Auction
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Phillips’s Hong Kong sale brought in $9.6 million, with a ruby ring standing out as one of the top-selling items, the auction house said Tuesday. The 5.22-carat pigeon’s blood Burmese ruby and diamond ring...
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Polished Markets
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Nov 26, 2019
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Rapaport News
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Rio Tinto Seeks Majority Stake in Canada Site
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Rio Tinto wants to buy a 60% stake in the Star-Orion South diamond exploration site in Canada for CAD 70.5million ($53.3 million), according to project owner Star Diamond Corp. In 2017, Rio Tinto entered into a joint-venture...
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Mining
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Nov 17, 2019
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Rapaport News
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Labs Identify Fingerprint for Argyle Pinks
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Two gem labs have joined forces to identify a method for determining whether a pink diamond came from the Argyle mine in Australia, and are issuing lab reports confirming their provenance.Beginning in 2014, the team,...
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Polished Markets
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Nov 04, 2019
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Leah Meirovich
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Phillips to Sell Rare Pink Diamond Collection
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Rare pink diamonds from Rio Tinto’s Argylemine in Australia will lead the upcoming Hong Kong Jewels and Jadeite auction atPhillips next month. The collection comprises 16 jewelry pieces,each incorporating stones from the...
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Polished Markets
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Oct 24, 2019
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Rapaport News
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Rio Tinto Unveils Array of Rare Argyle Pinks
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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...
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Mining
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Sep 09, 2019
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Rapaport News
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Sotheby’s Expects $26M for Pink Diamond
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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...
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Polished Markets
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Aug 18, 2019
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Rapaport News
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Rio Tinto Incurs Loss in Diamond Division
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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...
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Mining
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Aug 01, 2019
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Rapaport News
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Rio Tinto Output Falls in 1H
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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...
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Mining
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Jul 16, 2019
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Rapaport News
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