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Rio Tinto will unveil a record number of diamonds over one carat at its final pink-diamond tender, including the largest fancy-intense pink it has ever offered for sale.The 3.47-carat stone, known as the Argyle Eclipse, will headline the Argyle Pink Diamonds Tender, which has run since 1984.. ....
RAPAPORT. Rio Tinto’s rough-diamond sales fell 26% to $459 million in 2020 as the coronavirus crisis limited global trading, the mining group reported. “A heavy decline in spending on jewelry impacted underlying demand, while lockdowns in India’s manufacturing centers restricted the volume of rough diamonds purchased from miners,” Rio Tinto said last week. Realized diamond prices slid 21%, it added. However, net earnings for the diamond division came to $9 million, compared with a $21 million loss in 2019. Diamond production dropped 14% to 14.7 million carats, reflecting a 10% reduction in the grade at the Diavik mine in Canada, which outweighed an increase in the quantity of ore the company processed. The decline also resulted from the closure of the Argyle deposit in Australia on November 3. With Argyle now off stream, the company has forecasted 2021 output of 3 million to 3.8 million carats from its 40% share of Diavik, compared with 3.7 million carats in ....
The diamond supply chain will return to pre-pandemic levels between 2022 and 2024, led by economic recoveries in China and the US, according to Bain & Company.“For natural diamonds, we saw great interest and return-to-growth trajectory both in the US and China once lockdowns were lifted and. ....
The collision pushed the Toyota into the concrete barrier and it then rolled several times before coming to a stop, according to witnesses. According to an arrest warrant affidavit obtained by NBC 5, the driver of the Audi stopped about 100 yards away from the site of the collision and was told by witnesses that the other vehicle rolled over. Police said the driver then left the location without providing any assistance to the other driver. When first responders arrived they discovered there were three people in the Toyota and that two of them, the 59-year-old woman who had been driving the vehicle and a 4-year-old young girl, had died in the crash. A second passenger in the Toyota, a 3-year-old boy, survived and was transported to a Fort Worth hospital by air ambulance in critical condition. ....
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 company said Tuesday. Output at Argyle dropped 16% to 10.9 million carats, with the. ....