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And there will be lots of discussion about the rarity of it, the value of it." The 2013 pink diamond tender comprises 64 diamonds, including 58 pink stones, three blue ones and the three fancy reds. Such jewels routinely fetch US$1-2 million a
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It has been mining diamonds, including rare pink diamonds, at its open cut operation for almost a quarter of a century. The mine's managing director Kim Truter says the open cut mine is almost exhausted. "The open pit mine finishes up this year and
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Diamond market needs a single regulator to balance prices and make it operate orderly...In October last year, Alrosa has extracted the fourth largest gem found in Russia from the same mine...Alrosa is Russia's state diamond mining monopoly and
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The diamonds of Golconda were probably the most famous gems in ancient times, when the Persian, Arab and European travelers to India went back to their countries and spoke of the beauty and brilliance of these stones. Soon, the Indian diamonds lost
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RIO Tinto says it has attracted strong interest from Asian and European buyers at its annual pink diamond sale. Successful bidders for the Argyle Pink Diamonds Tender were from both established and emerging markets, with buyers snapping up 56 single
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With a total production of nearly 1,3 million carats, Namibia remained the ninth biggest diamond producer in the world. "Namibia produced just over 1% of the world's diamonds by weight, but 6% by value. The country's diamonds continued to be of the
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Hong Kong, as it seeks to tap into the booming Chinese jewellery market...Less then 0.03 per cent of the world's diamonds are pink, which command up to 50 times the price of white diamonds. Rio said the pink stones in its display could fetch up to $
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Mining giant Rio Tinto says it will cut jobs at its Argyle diamond mine in Western Australia as it trims costs ahead of its exit from the business...Rio Tinto blamed rising costs and the need to achieve savings. Like others in the industry Argyle is
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Rio Tinto is taking a collection of the world's most valuable and rare diamonds on a global sale. Potential buyers will need deep pockets though, as the Western Australian pink diamonds in this collection are the most concentrated form of wealth in
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Dilip Kumar Jha in Mumbai R io Tinto, one of the largest global miners, has started a trial run of diamond mining operations from its Bunder project in Madhya Pradesh. Once fully operational, the project will put the state on the map of the world's
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