GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Rio Tinto’s diamond production down 10% in Q3

19 october 2020
Image credit: Rio Tinto

At Argyle, which is 100% owned by Rio Tinto in Western Australia, the diamond production was 3,203,000 ct in Q3 from 1,802,000 tonnes of AK1 ore processed during this period, registering a 10% lower than the production in the same period of 2019. The lower caratage is attributed to lower grade ores.
For the nine- month period too, diamond production at Argyle was at 9052, 000 ct from 4695,000 tonnes of AK1 ore processed recording 6% down against the production in the same period in 2019.
At Argyle, preparation continues for the safe cessation of operations before the end of 2020, followed by closure activities to commence in 2021.
At Diavik, Rio Tinto’s 60% owned mine in Canada, carats recovered in the Q3 of 2020 were 1,001,000 ct from 679,000 tonnes of ore processed, registering 1% higher than the third quarter of 2019. During the nine-month period, 2,821,000 ct were recovered from 1,876,000 tonnes of ore, recording less 12% from production during the same period in 2019. 
At Diavik, carats recovered in the third quarter of 2020 were 1% higher than the third quarter of 2019, due to higher ore availability and higher processed tones.
Regarding exploration plans, Rio Tinto has a strong portfolio of projects with activity in 16 countries. The bulk of the exploration expenditure in the third quarter focused on copper in other countries and diamonds projects in Canada. 
Mine-lease exploration continues at Rio Tinto, including managing businesses at Diavik in Canada. At Falcon, processing of diamond samples collected in 2020 is ongoing.

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