LDB’s David Troostwyk: London still has major role to play in global diamond trade

London Diamond Bourse (LDB) President David Troostwyk has had a varied career in the diamond business. David sat down with Rough&Polished to discuss how his love of diamonds started, his career, the state of the diamond trade in the UK and globally...

Yesterday

David Johnson: De Beers balancing lab-grown and natural diamonds rarity while pioneering ethical transparency

De Beers has been differentiating its lab-grown diamond brand, Lightbox, by positioning it as an affordable, fashion-focused product. Group spokesperson David Johnson told Rough & Polished that this is in contrast to how De Beers promotes natural diamonds...

28 april 2025

Who will bear the cost? Paul Zimnisky weighs in on U.S. jewellery tariff impact

The United States jewellery industry is facing a complex balancing act as new tariffs on diamonds force wholesalers and retailers to decide whether to absorb costs, negotiate with overseas suppliers (particularly India), or pass them on to consumers...

14 april 2025

Thataitsile Moremedi: South Africa's State Diamond Trader providing market access, exposure for nascent manufacturers

Although it is challenging for previously disadvantaged individuals to enter the diamond industry due to the financial barriers, South Africa's State Diamond Trader is providing nascent entrepreneurs with exposure, market access, and other support...

31 march 2025

Dr M'zée Fula Ngenge: KP has failed to adapt to contemporary challenges

The United Nations-backed Kimberley Process (KP), established in 2003 to prevent conflict diamonds from entering the mainstream rough diamond market, has failed to adapt to contemporary challenges, such as state-sponsored violence and sophisticated...

17 march 2025

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