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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

11 december 2017

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Rio Tinto Diamond's production down 8% for Q1

21 april 2017
In a statement recently, mining major Rio Tinto has released its production update for the quarter ended March 31, 2017, wherein it has reported that diamond production has recorded 8% year-on-year drop to 4.152 mn carats as compared to the 4.522 mn carats produced in the same quarter in 2016.
According to the company, its wholly owned Argyle mine in Australia produced 3.016 mn cts, which was 11% below the comparative figure for the same quarter in 2016. The fall was attributed to lower ore volumes processed as well as lower recovered grades.
At the Diavik mine in Canada, where the company owns 60%, the production amounted to 1.136 mn carats, which is almost the same as against 1.131 mn carats produced in 2016 that was recovered in the same quarter a year earlier. Rio Tinto said that the lower ore throughput at the mine was offset by higher recovered grades.
It also reported that the development of the A21 pipe remains on schedule.
Rio Tinto said that diamond production guidance for 2017 remains unchanged at 19 to 24 mn carats.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

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