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Who’s Buying the Rough in 2019?
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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...
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Rough Markets
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Aug 11, 2019
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Joshua Freedman
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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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French Gem Group to Hold Diamond Symposium
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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,...
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Polished Markets
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Jul 23, 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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Pink Diamond Prices Firm in 1Q
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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...
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Polished Markets
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May 05, 2019
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Rapaport News
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Rio Tinto Diamond Production Falls
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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,...
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Mining
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Apr 16, 2019
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Rapaport News
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DEF Debuts Scholarships for Canadian Industry
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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...
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Mining
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Apr 14, 2019
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Rapaport News
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Canada’s Ice Road Opens for Milestone Year
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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...
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Mining
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Feb 07, 2019
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Leah Meirovich
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Yellow Prices to Increase in 2019, Says FCRF
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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...
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Polished Markets
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Feb 05, 2019
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Rapaport News
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Rio Tinto 2018 Recoveries Decline
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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...
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Mining
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Jan 20, 2019
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Rapaport News
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Ex-Dominion CEO to Launch Lab-Grown Venture
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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,...
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Technology
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Jan 15, 2019
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Rapaport News
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The Biggest and Priciest Diamonds of 2018
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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...
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Polished Markets
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Dec 27, 2018
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Rapaport News
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Top 10 Stories of 2018: A Year of Synthetics
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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...
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Polished Markets
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Dec 18, 2018
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Joshua Freedman
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Dominion Recovers 553ct. Yellow Diamond
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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...
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Mining
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Dec 16, 2018
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Rapaport News
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Dominion CEO Patrick Evans Resigns
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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...
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Mining
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Dec 10, 2018
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Leah Meirovich
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Production Falls in Rio Tinto’s Third Quarter
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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...
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Mining
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Oct 16, 2018
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Rapaport News
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Rio Tinto Opens New Pipe at Diavik
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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...
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Mining
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Aug 21, 2018
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Rapaport News
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Rio Tinto Diamond Revenue Declines
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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...
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Mining
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Aug 01, 2018
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Rapaport News
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Who Are the Top Rough Buyers?
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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...
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Rough Markets
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Jul 26, 2018
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Avi Krawitz
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Rio Tinto Production Grows
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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...
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Mining
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Jul 17, 2018
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Rapaport News
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