22 Nov 2019
DiamondWorld Directory
Home |
News
Home
ARGYLE MINE’S DIAMOND PRODUCTION SLIPS 18% IN 2018
The famous Argyle mine produced 14.07 million carats in 2018 - an 18% drop year-on-year
By: Diamond World News Service
|
Jan 25 2019 10:37AM
|
Reference: 16955  

DecreaseIncrease

The famous Argyle Mine, Rio Tinto’s flagship diamond mine in Australia, produced 14.07 million carats in 2018 – an 18% drop compared to its production in 2017, according to Gem Konnect. The miner’s Diavik mine in Canada produced 4.36 million carats during the same period – a 3% drop year-on-year.

 The lower production at Argyle was due to “enhanced processing of higher grade alluvial tailings”, while the reason for the Diavik output drop was “lower grade ore, partially offset by higher ore processing”. Rio Tinto added that its diamond production guidance for 2019 remains between 15 and 17 million carats.

 The last Argyle Pink Diamonds Tender, held in November 2018, delivered “record result reflecting strong global demand for fancy coloured diamonds”, according to Rio Tinto. The tender included a collection of 63 rare pink, red and violet diamonds from Argyle. According to the miner, over the past 18 years, “the value of Argyle pink diamonds sold at Tender have appreciated over 400%”.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 21998
GJEPC Chairman Interview
Views: 20031
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 27140
Promo for IJ Awards 2012 at NDTV Profit
Views: 40148
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 43854
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17071
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 41916
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 39624
Advertisement
Finestar Diamonds
Advertisement
Mohra India
Member of:
Supporter of: