Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

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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...

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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

Rio Tinto Predicts Production of 15 Million Carats in 2012

19 april 2012

Rio Tinto expects to produce 15 million carats of diamonds this year, according to a first quarter 2012 operations review published by multi-miner on Tuesday, cited by IDEX Online.
For full-year 2011, Rio Tinto diamond production was just over 11.3 million carats.
The review reveals that rough diamond production at the company’s fully owned Argyle mine was almost 2.5 million carats an increase of 52 percent compared to the first quarter of 2011 when operations were affected by heavy rains and flooding.
Production at the Australian mine increased 30 percent compared to the fourth quarter of 2011 when plant shutdowns limited production.
Overall, Argyle is currently mining slightly higher-grade ore in the final open cut deposit.
Construction of the underground mine was proceeding and is scheduled to be complete by the end of 2013, the company said.
Production at the Diavik mine in Canada was 19 percent higher than the first quarter of 2011. This increase was attributed to the ramping up of underground operations, improved grades and higher throughput.
The mine produced 963,000 carats during the quarter compared to 812,000 carats in the first quarter of 2011.
Rio Tinto also operates the Murowa mine in Zimbabwe. In the first quarter, the mine produced 66,000 carats compared to 45,000 carats of diamonds in the first quarter of 2011.
Last month, Rio Tinto announced a strategic review of its diamond business that will include exploring a range of options for potential divestment of its diamonds interests.