The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
Rio Tinto’s diamond revenue up 15 percent
Rio Tinto reported Thursday that revenues from its diamond mining and sales unit increased 15 percent year-over-year, from $741 million in 2012 to $852 million in 2013.
London--Rio Tinto reported Thursday that revenues from its diamond mining and sales unit increased 15 percent year-over-year, from $741 million in 2012 to $852 million in 2013.
The diamond unit recorded net earnings of $53 million in 2013, compared with a net loss of $25 million last year.
Rio Tinto said that polished diamond prices were “relatively stable” throughout 2013 while the prices for rough diamonds saw slightly greater volatility.
Rio Tinto currently owns 100 percent of Australia’s Argyle mine and holds a 60 percent interest in the Diavik mine in Canada and a 77.8 percent stake in the Murowa mine in Zimbabwe.
Total diamond production for the company last year rose by 22 percent, up from 13.1 million carats in 2012 to 16.0 million carats in 2013.
Rio Tinto attributed the increase mostly to an increase in the tons processed and higher grades at Argyle following the opening of the underground portion of that mine, which was once an open-pit operation only.
RELATED CONTENT: Rio Tinto opens underground portion of Argyle
The underground mine is currently ramping up to full capacity, Rio Tinto said, and the project has extended the life of the mine through at least 2020.
In addition, the mining company has transitioned Diavik to a fully underground mine with all three of its pipes at full production.
For 2014, Rio Tinto predicts that its diamonds production will be flat at 16 million carats.
The Latest
The two organizations will host a joint event, “Converge,” in September 2025.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.