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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...

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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...

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

Rio Tinto Expects Diamond Sales to Rise for Second Half

24 september 2009

In a presentation given to investors at its Diavik operation in Canada, Rio Tinto said leading indicators for the diamond industry are now moving in the right direction with consumer confidence rising while the price of polished diamonds has stopped falling, RAPAPORT reported. Sales and supply levels have risen and are expected to continue to do so in the second half, it said.
"Primary rough sales have improved significantly in (the second quarter and third quarter of) 2009 and supply volumes into the market are moving back towards pre-crisis levels," it said in a presentation.
In the first half of 2009 Rio Tinto reduced diamond output by 14% to 6.787M carats. Rio diamond output in 2008 amounted to 20.816M carats.
In the long term, diamond demand was set to exceed supply, Rio Tinto said.
The company is moving to underground mining at Diavik and expects first ore production from the underground operations to begin early 2010. Rio said diamond production for the year to date at Diavik has exceeded expectations.