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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
Letlapa Tala Petra new 140
The Most Buzzworthy Diamonds of 2020
Amid a challenging year for the industry, diamonds proved the coronavirus pandemic couldn’t dampen their appeal. Several stones made headlines, set records, exceeded expectations, or simply showed their sellers the money. Most...
Polished Markets Dec 30, 2020 Leah Meirovich
Rough diamond and sorting labels, Kimberley
Top Miners Release Dates of 2021 Rough Sales
De Beers, Alrosa and Rio Tinto have published their schedules for next year’s contract sales, which account for the bulk of the miners’ rough supply.De Beers will continue its format of holding 10 sights...
Rough Markets Dec 28, 2020 Rapaport News
Lucapa Merlin 140
Lucapa in Talks to Buy Merlin Diamond Mine
Lucapa Diamond Company is in advanced negotiations to acquire the Merlin mine in Australia after the site’s owner entered liquidation earlier this year.“The Lucapa board considers that Merlin would be complementary to the company’s existing niche...
Mining Dec 24, 2020 Rapaport News
Argyle Pink Tender 150
Argyle Pinks Break Records After Mine Closure
Rio Tinto achieved record value at its 2020 Argyle Pink Diamonds Tender, with bidders raising their offers for the stones following the mine’s closure.There were 62 pink, red, blue and violet stones...
Mining Dec 20, 2020 Leah Meirovich
Dominion Ekati mine 150
Dominion’s Ekati Sale Receives Court Approval
A Canadian court has consented to Dominion Diamond Mines’ sale of its Ekati site and most of its assets to two of its bondholders.Under the agreement, DDJ Capital Management and Brigade Capital Management are set to acquire...
Mining Dec 15, 2020 Rapaport News
Dominion Ekati 150
Dominion Finds Buyer for Ekati
Dominion Diamond Mines has reached a deal to sell its Ekati mine in Canada to two of its bondholders amid mounting debt that caused it to seek creditor protection.DDJ Capital Management and Brigade Capital Management will acquire...
Mining Dec 08, 2020 Rapaport News
Lucapa pink heart 150
Lucapa Unveils 15ct. Polished Pink Diamond
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...
Polished Markets Dec 03, 2020 Rapaport News
Dominion Diavik 150
Court Allows Rio Tinto to Sell Dominion’s Diamonds
A Canadian court has granted Rio Tinto permission to sell diamonds belonging to Dominion Diamond Mines to recoup more than CAD 120 million ($91.4 million) in unpaid debt from their Diavik joint venture.Rio Tinto subsidiary...
Mining Nov 17, 2020 Rapaport News
Sothebys Spirit of the Rose 150
$27M Pink Diamond Sets Record at Sotheby’s
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...
Polished Markets Nov 12, 2020 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
Rough diamonds Dominion 150
Dominion Fights Rio Tinto Diamond Sale
Dominion Diamond Mines has asked a Canadian court to prevent Rio Tinto from selling its portion of rough diamonds from the Diavik joint venture, calling the sale unfair and unreasonable.Rio Tinto-owned Diavik Diamond...
Mining Nov 01, 2020 Rapaport News
rough diamonds Dominion 150
Rio Tinto Wants to Sell Dominion’s Diamonds
Rio Tinto has asked a Canadian court to allow it to sell its partner’s portion of rough diamonds from the Diavik mine to recoup more than CAD $120 million ($91.4 million) required to run the mine. Dominion...
Mining Oct 25, 2020 Rapaport News
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
Dominion Ekati 150
Dominion to Sell Ekati Mine for $126M
Dominion Diamond Mines has sold its Ekati mine in Canada to affiliates of its owner, the Washington Companies, for $126 million amid struggles with mounting debt.The offer came from Canadian Diamond Holdings and...
Mining Sep 17, 2020 Rapaport News
Rio Tinto Argyle Pink Tender 150
Rio Tinto Kicks Off Penultimate Pink Tender
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...
Polished Markets Sep 03, 2020 Leah Meirovich
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
Mining Aug 06, 2020 Leah Meirovich
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
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