A number of remote employees at Rio Tinto’s Diavik diamond mine in Canada died Tuesday after the small plane carrying them to the site crashed. “We have been informed by authorities that a plane on its way to our Diavik mine, carrying a number of our people, crashed…resulting in fatalities,” said Rio Tinto CEO Jakob … Read more
Botswana Diamonds has announced that a gravity survey has been completed over four high-grade geophysical targets that had good magnetic response in a previous survey undertaken by the company. “Preliminary results from this gravity survey show that at least one of the four targets, which is located 6 km south of the existing KX36 diamond … Read more
De Beers has introduced a new online “sealed bid” tender for some of its rough diamonds.
A visitor from France who was in the United States to see a rocket launch in Florida found a 7.46-carat diamond at Crater of Diamonds State Park on Jan. 11, according to a news release from the park.
Michael Hill closes six stores
Retail sales at Hong Kong based jeweler Luk Fook soared in the third fiscal quarter as tourism recovered and the price of gold surged. Sales grew 46% year on year for the three months that ended December 31, 2023, the company said last week. The rise comes on the back of a mounting revival in … Read more
De Beers Slashed Rough Prices.
Petra Sales Fall Amid Slow Market Recovery
Rio Tinto’s diamond production fell in 2023 following the closure of portions of its Diavik mine in Canada earlier in the year. Total production dropped 28% to 3.3 million carats for the full year, the company said Tuesday. Rio Tinto completed mining at Diavik’s A418 underground area and at its A21 open-pit kimberlite pipes, it … Read more
India will lead demand for natural diamonds in 2024, says David Kellie, CEO of Natural Diamond Council (NDC), as US buyers increasingly switch to lab grown. “The Indian market remains the strongest growth market in the world because of its strong financial position and changing demographics,” he told The Economic Times, in India. “Indian women … Read more