Diamond miners dented by liquidity crisis among India’s polishers
liquidity crisis among India’s polishers
Rio Tinto
Rio Tinto Output Falls Amid Lower Grades
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
Diamond Trading Goes Online as Lucara Takes on Industry Goliaths
The opaque diamond trade may be ripe for disruption. Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions. The service allows Lucara to match buyers’ requirements, not only saving jewelers … Read more
Diavik ‘Stars Of The Arctic’ Provide Rough Diamond Tender Sparkle
Capella of the Actic , 24.82 carats, a yellow diamond
Rio Tinto to Sell Largest Argyle Vivid Pink
Rio Tinto will offer a 3.14-carat, vivid pink diamond at its 2018 tender
Diamond Producers Association launches India operations
ALROSA, De Beers, Dominion Diamond, Gem Diamonds, Lucara Diamond, Petra Diamonds and Rio Tinto back the Diamond Producers Association