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Rio Tinto Diamond Output More Than Doubles

Diamond production at Rio Tinto rose in the third quarter amid a strong comparison with the previous year, when the company temporarily closed its Diavik mine in Canada.

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Output from the mine surged 110% year on year to 1.1 million carats for the three months that ended September 30, Rio Tinto said Tuesday. A favorable comparison with the same period of 2024 contributed to the growth. Last year, the miner temporarily shut one of its main pits due to unstable ground on the road leading to the area, which can cause caving or sinking.

However, the total was 8% lower than the 1.2 million carats Rio Tinto recovered in the second quarter. In the first nine months of 2025, production soared 67% year on year to 3.3 million carats from the processing of 1.4 million tonnes of ore. That is relative to 937,000 tonnes in the first nine months of last year.

Diavik is currently Rio Tinto’s only diamond asset. The mine was originally due to close this year. However, the miner invested $40 million to extend the project’s life into 2026, adding more than 2 million carats of rough production. The company is currently exploring for diamonds in Angola.

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DiamondBuzz

Kylie Jenner Debuts At Victoria’s Secret Show In $50 Million Fantasy Bra By Jacob & Co.

Kylie Jenner Walks The Ramp In Bra Crafted By Jacob & Co. From 4,410 Natural Diamonds Surrounding A 75.54-Carat Radiant-Cut Fancy Vivid Yellow Diamond

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This year, the famous Fantasy Bra returned to the runway for the first time since 2018. Made by New York jeweler Jacob & Co., it costs $50 million—making it the most expensive Fantasy Bra ever and about $35 million more expensive than any previous version.

Making her Victoria’s Secret Fashion Show runway debut,Kylie Jenner wore the show-stopping bedazzled bra, a gauzy white mini skirt and expansive white feathered angel wings.

The bra features 4,410 natural diamonds set around a large, bright yellow 75.54-carat diamond. A team of 15 craftspeople spent over 1,000 hours creating the piece, which weighs just under two kilograms (about 4.4 pounds).

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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