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

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

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Rio May Sell Diavik Diamond Shares to Harry Winston

30 july 2012

Mining giant Rio Tinto is considering selling its majority share of a diamond mine in northern Canada to the owner of the minority share in the mine, Mining.com reported cited by Israelidiamond.co.il. Canadian diamond miner and retailer Harry Winston, which currently owns 40% of the Diavik diamond mine in the Northwest Territories, is reportedly in talks with Rio Tinto to purchase its 60% share, which would make it the sole owner of the mine.
Rio Tinto is one of at least two companies that mine many different resources all over the globe that has publicly stated that it is seriously considering selling off its assets to other players in the diamond industry, chiefly because of declining profits from the sector. Rio Tinto earns approximately 2% of its revenue from its diamond mining activities, according to Mining.com.
The profit margins from Rio's other mining activities are much higher than its diamond earnings. Iron ore, for example, provides Rio with a 70% profit margin.