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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
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
AFG
French Gem Group to Hold Diamond Symposium
The French Association of Gemmology (AFG) will hold aconference in Paris on the state of the diamond industry, it said Monday.The 18th Paris Gemmological Rendez Vous — whichwill take place on September 9 — will cover topics including diamondmining,...
Polished Markets Jul 23, 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
FCRF
Pink Diamond Prices Firm in 1Q
Pink fancy-color diamonds outperformed other major colorcategories in price terms during the first quarter, the Fancy Color ResearchFoundation (FCRF) said. “At a time of diamond-market uncertainty, fueled by growingwhite-diamond inventory and the emergence of lab-grown...
Polished Markets May 05, 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
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
Fancy Color
Yellow Prices to Increase in 2019, Says FCRF
A reduced supply of vivid-yellow diamonds will drive a priceincrease this year, according to the Fancy Color Research Foundation (FCRF). “In the last three years we witnessed a substantial [quantity]of vivid yellows coming to market, mainly from...
Polished Markets Feb 05, 2019 Rapaport News
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
Patrick Evans
Ex-Dominion CEO to Launch Lab-Grown Venture
The former CEO of Dominion Diamond Mines is launching alab-grown-diamond venture targeting the bridal market, the Financial Timesreported. Patrick Evans’s company will produce synthetic stones at aUS location with access to cheap solar power,...
Technology Jan 15, 2019 Rapaport News
Composite Top 10 Diamonds 150
The Biggest and Priciest Diamonds of 2018
As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem...
Polished Markets Dec 27, 2018 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
Dominion 553 carat yellow 150
Dominion Recovers 553ct. Yellow Diamond
Dominion Diamond Mines has unearthed the largest knowngem-quality diamond found in North America, it said last week. The company recovered the 552.74-carat yellow diamond in Octoberat its Diavik mine in Canada’s Northwest Territories. It beats...
Mining Dec 16, 2018 Rapaport News
Dominion Patrick Evans
Dominion CEO Patrick Evans Resigns
Dominion Diamond Mines CEO Patrick Evans has stepped down withimmediate effect after a year at the company, the miner confirmed to RapaportNews Sunday. Evans joined the Canada-based producer in November 2017 afterits $1.2 billion...
Mining Dec 10, 2018 Leah Meirovich
Tinto Rio
Production Falls in Rio Tinto’s Third Quarter
Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavikmines led to a 17% drop in production in the third quarter.Output came to 4.9 million carats for the three monthsending September 30, the company said Tuesday. The...
Mining Oct 16, 2018 Rapaport News
Diavik
Rio Tinto Opens New Pipe at Diavik
Rio Tinto has begun mining the A21 pipe, an extension at itsDiavik asset that should allow the company to sustain production levels overthe next four years. The project took four years to construct at a cost...
Mining Aug 21, 2018 Rapaport News
Argyle glove 200
Rio Tinto Diamond Revenue Declines
Diamond sales at Rio Tinto fell 5% to $323 million in thefirst half of the year, the miner reported Wednesday. Net profit for the division nearly tripled to $55 millionfrom $19 million a year ago. Production increased...
Mining Aug 01, 2018 Rapaport News
Rough diamond credit Shutterstock
Who Are the Top Rough Buyers?
In this excerpt from the latest issue of the Rapaport Research Report, we list the 124 companies buying from De Beers, Alrosa, Rio Tinto and Dominion. Much has been said about the journey a diamond...
Rough Markets Jul 26, 2018 Avi Krawitz
Rio Tinto 150
Rio Tinto Production Grows
Diamond production at Rio Tinto rose 7% year on year in the second quarter of 2018, driven by an increase in outputfrom its Argyle mine.Production came to 4.6 million carats for the three months ending June 30, the company...
Mining Jul 17, 2018 Rapaport News
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