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Rio Tinto In No Rush to Sell Diamond Unit
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Rio Tinto is in no rush to sell its diamond unit and will rather focus on cutting costs at other parts of its business, the company's chief executive Sam Walsh said. In his first interview since taking over...
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Mining
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Jun 17, 2013
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Deena Taylor
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Rio Tinto Edges Closer to Diamond Unit Flotation
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Rio Tinto is in the process of developing plans with its advisers at Morgan Stanley to raise up to $380.8 million (GBP 250 million) through a separate listing of the company's diamond division on the London Stock Exchange (LSE).Sources close...
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Mining
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Jun 03, 2013
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Deena Taylor
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Gemstones
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May 17, 2013
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Rio Tinto
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Rio Tinto Opens Argyle Underground Mine
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Rio Tinto officially opened its Argyle underground diamond mine after the completion of a $2.2 billion capital improvement project that the company expects will extend the life of the mine beyond 2020. “The...
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Mining
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Apr 30, 2013
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Deena Taylor
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Increased Diamond Production
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Diamond mining companies are slowly raising their production levels even as many of the major mines continue to face operational challenges. Theoretically, the trend should ease cutters’ concerns about prevailing high rough prices...
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Rough Markets
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Apr 26, 2013
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Avi Krawitz
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Rio Tinto's 1Q Diamond Production -4%
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Rio Tinto's diamond production fell 4 percent year on year to 3.24 million carats for the first quarter that ended on March 31.The company's Argyle diamond mine in Australia produced 1.99 million carats, representing a year-on-year...
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Rough Markets
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Apr 16, 2013
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Jeff Miller
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Marketing
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Apr 12, 2013
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Rio Tinto
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De Beers, Rio Tinto Update Their 2013 Client Lists
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De Beers and Rio Tinto have updated their client lists for the current year on their respective websites. De Beers announced in March that it added five companies to its list of sightholders for the contract...
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Rough Markets
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Apr 04, 2013
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Avi Krawitz, Deena Taylor
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Bank Pains
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There is an increasing unease in the diamond trade that the banks are reducing their exposure to the industry. For a trade so heavily reliant on credit, the concern is justified. The banks are taking a more cautious approach...
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Rough Markets
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Mar 16, 2013
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Avi Krawitz
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Rio Tinto's Diamond Revenue +2% in 2012
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Rio Tinto reported that revenue from its diamond operations rose 2 percent to $741 million in 2012. Despite the increase, the division posted a net loss of $43 million compared with earnings of $10 million the...
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Mining
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Feb 14, 2013
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Avi Krawitz
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Jaipur Hosts Argyle Pink Diamond Cup
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Press Release: Rio Tinto’s iconic Argyle pink diamonds are the focus of celebrations in Jaipur, capital of the Indian state of Rajasthan. Known as The Pink City, Jaipur was the fitting location to contest the inaugural...
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Marketing
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Jan 11, 2013
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Rio Tinto
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Rio Tinto Showcases Bunder Diamond Jewelry
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Rio Tinto showcased its inaugural diamond jewelry collection from the Bunder diamond project on the red carpet at Mumbai’s Liberty Cinema.Australian-born Indian actress Pallavi Sharda wore the diamond jewelry earrings and necklace...
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Polished Markets
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Nov 22, 2012
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Dilipp S Nag
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Strong Demand at Rio Tinto’s Large Rough Diamond Tender
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Rio Tinto witnessed strong bidding for its recent sale of rough diamonds larger than 10.8 carats.The company offered 94 parcels of diamonds in the tender, including 26 weighing more than 20 carats. "[The diamonds] attracted very...
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Rough Markets
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Nov 07, 2012
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Dilipp S Nag
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Higher Prices at Argyle Pink Diamond Tender
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Rio Tinto reported continued strong price appreciation for rare gems at its 2012 Argyle pink diamonds tender, with successful bidders coming from established and emerging markets.''We were delighted to see such a strong...
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Polished Markets
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Oct 22, 2012
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Dilipp S Nag
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Polished Markets
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Oct 10, 2012
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Dilipp S Nag
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Rio Tinto Creates a Large Rough Diamond Tender
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Rio Tinto launched a ''Specials Tender,'' which showcases fine rough diamonds, greater than 10.8 carats, from a year’s worth of production from its three operating diamond mines in Australia, Canada and Zimbabwe.The collection comprises...
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Rough Markets
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Oct 04, 2012
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Dilipp S Nag
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No Time Pressure on Rio Tinto Diamond Review
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Rio Tinto said it’s under no time constraints to decide on the future of its diamond business, stressing that it will review all of its options, including a possible divestment from the industry.The company announced in March that...
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Mining
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Sep 13, 2012
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Dilipp S Nag
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Advertising Diamonds
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Sanjay Kothari is on a mission. As vice chairman of the Gem & Jewellery Export Promotion Council (GJEPC), he took every opportunity at the recent India International Jewellery Show (IIJS) to stress the need for effective generic advertising...
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Marketing
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Sep 06, 2012
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Avi Krawitz
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Rio Tinto Launches 2012 Argyle Pink Diamonds Tender
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Rio Tinto launched the Argyle pink diamonds collection to be sold at the company's annual tender during the fourth quarter of 2012. This year’s collection showcases 56 single pink diamonds, including two red diamonds and...
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Polished Markets
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Sep 03, 2012
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Dilipp S Nag
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Polished Markets
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Aug 30, 2012
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Rapaport
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