Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Rio Tinto’s tender of pink, red and yellow diamonds delivers exceptional results

06 december 2023

Rio Tinto’s inaugural Beyond Rare tender has delivered an exceptional result. Its first collection titled Born of this World comprises 87 diamonds in 48 lots, weighing 29.96 carats in total.

The tender introduced legacy inventory of pink and red diamonds from the Argyle Diamond Mine and yellow diamonds from Rio Tinto’s Diavik Diamond Mine.

Bidding for the carefully curated collection was strong, with individual, multiple and global bids and a broad geographic spread of successful bidders from Australia, Europe, Japan, Hong Kong, Singapore, US and Israel.

Sinead Kaufman, Chief Executive of Rio Tinto Minerals said “We are delighted with the results from this new sale format for Rio Tinto’s diamonds business, delivering results that reflect the global demand for highly collectible natural coloured diamonds and the resulting value creation.”

There was also intense interest from the Japanese market where Argyle pink diamonds have long been revered by Japanese jewellery designers.

Almost the entire world’s supply of rare pink, red, blue and violet diamonds come from Rio Tinto’s Argyle Diamond Mine which ceased production on 3 November, 2020. With 37 years of Argyle pink diamond production in global markets Rio Tinto continues to manage the Argyle Pink Diamonds brand through sales of remaining inventory, secondary market platforms, certification processes and creative collaborations with Argyle Pink Diamonds Icon Partners and other renowned national and international jewellers. In addition to owning the Argyle Pink Diamonds brand, Rio Tinto is the owner and operator of the Diavik Diamond Mine in the Northwest Territories of Canada.

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