Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

Lyudmila Vysotskaya: Amber is a mystical stone, a living substance

Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...

30 july 2024

De Beers shines light on budding jewellery designers

Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...

22 july 2024

Diavik diamond output down in Q1 as production suspended due to fatal plane crash

19 april 2024

Diamond production at Rio Tinto’s Diavik mine in Canada fell 22% year on year to 740,000 carats in the first quarter of 2024. The company suspended production at the mine after four workers lost their lives in a plane crash in January.

“We have been deeply affected by the loss of four Diavik colleagues and two airline crew members in a plane crash in January. This tragedy has strengthened our resolve to never be complacent about safety,” said Rio Tinto CEO Jakob Stausholm.

Rio Tinto stopped diamond production for an unspecified time following the tragedy.

Meanwhile, production was 12% higher than the previous quarter (Q4 2023), during which the miner closed two kimberlite pipes and produced lower-grade ore. Kimberlite processing fell 20% year on year and amounted to 343,000 tonnes during the reporting quarter.

Rio Tinto has transferred ownership and operational responsibilities for the Fort a La Corne diamond project in Saskatchewan, Canada, to Star Diamond Corporation in exchange for shares during the first quarter of 2024.

Diamond output at Diavik amounted to 3.3 million carats in 2023.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished