Lower mining grades and reduced ore availability contributed to a drop in Rio Tinto’s third-quarter diamond production, the company reported Wednesday. Output at its wholly owned Argyle mine in Australia fell 7% year on year, yielding 3.6 million carats in the three-month period ending September 30. Production was hampered by lower grades, despite stronger mining … Read more
SCIENTISTS HAVE A THEORY THAT THERE WAS AN INTERNAL DIAMOND AT FIRST, AND THE EXTERNAL ONE WAS FORMED DURING THE SUBSEQUENT STAGES OF GROWTH
Sales of jewelry and other luxury items in Hong Kong sank in August, marking the sharpest monthly decline on record as protests in the municipality hit tourism and consumption. Revenue from jewelry, watches, clocks and other valuable gifts dropped 47% year on year to HKD 3.93 billion ($501.3 million) during the month, the municipality’s Census … Read more
