Rio Tinto’s Argyle mine to close in Q4 2020

Rio Tinto’s iconic Argyle mine in remote Western Australia and world’s biggest global source of high-quality pink diamonds will close in the fourth quarter this year.

Today

ASEAN Gems & Jewellery Presidents’ Summit scheduled for 3 March

The 9th ASEAN Gems & Jewelry Presidents’ Summit 2020 is scheduled for March 3, 2020, at the Hong Kong Convention & Exhibition Centre.

Today

CTF acquires coloured gemstone jewellery retailer Enzo

Chow Tai Fook Jewellery Group of China recently acquired the entire equity interests in Enzo Jewelry Inc, enriching the Group’s multi-brand portfolio to meet today’s ever-changing customer expectations.

Today

Rio Tinto’s diamond production down 8 per cent in Q4

In its latest announcement of its Q4 and full-year production figures for 2019, Rio Tinto said that the Q4 diamond production of 2019 at both the Argyle and Diavik mines recorded 8 per cent decrease over that of 2018 production.

Yesterday

De Beers mulls key changes to way it sells diamonds – report

Global diamond giant, De Beers is believed to be considering significant changes to the way it sells diamonds following a terrible year for the companies that cut, polish and trade the gems.

Yesterday

Sparkle fades for diamond industry as demand wanes

11 september 2019
(thenational.ae) - Millennials are killing the diamond industry. At least, they are taking their money and spending it elsewhere, much to the dismay of jewellers and diamond miners. Diamond sales are struggling precisely at a time when a new generation of young people are expected to be getting married – with young men especially digging into their wallets to pay for engagement rings. When they do spend money on diamonds, it is just as likely to be a synthetic stone, grown in a laboratory rather than retrieved from a mine. Martin Rapaport, editor of the diamond industry’s voice, Rapaport Diamond Report said as much in a recent widely circulated editorial.