Rio Tinto has planned to invest over USD 300 million in diamond exploration in India over the next five years, a move that will increase India’s contribution to its diamond revenues from the current 65%. Curently, Rio Tinto sells rough diamonds to 10 customers in India. Counting indirect sales, India accounts for around 80-85% of [...]
Rio Tinto has planned to invest over USD 300 million in diamond exploration in India over the next five years, a move that will surge India’s contribution to its diamond revenues from the current 65%. For full story, click here
Celebrating 20 years in India, the top brass of mining major Rio Tinto Diamond has set new goals for the Indian market. From being a mere supplier of raw diamonds, the company plans to mine diamonds in India too. For full story, click here
Rio Tinto’s 2009 Argyle Pink Diamond Tender is all set to celebrate the 25th anniversary of its iconic offering of pink diamonds with an exceptional collection, including four outstanding heart-shaped gems. Josephine Archer, business manager, Argyle Pink Diamonds, comments on the 2009 collection, stated: The pink diamonds selected for this year’s Tender are a fitting [...]
Miner Rio Tinto has expected the plunge in diamond sales to taper off as destocking ends, but its mines could see further cutbacks if an improvement has failed to emerge. For full story, click here
Anglo-Australian miner Rio Tinto PLC has declared a cut in diamond output 20% as it tries to avoid the division swinging to a loss, its chief executive for copper and diamonds, Brett Clayton. For full story, click here
Rio Tinto Diamonds announced that it has launched an exciting new jewellery design contest aimed at demonstrating the beauty of champagne diamonds, of which Rio Tinto’s Argyle diamond mine is a leading supplier. For full story, click here
Rio Tinto Group, the world’s third- largest mining company, may have a 41 percent dip in production from the Diavik diamond mine in Canada as it cuts spending at the operation. For full story, click here
Global mining giant Rio Tinto reported to have unearthened an immensely rich diamond resource in Madhya Pradesh, a development that could boost the company’s plans of investing hundreds of million dollars. For full story, click here
Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.
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