International News
Rio Tinto Unveils Rare 158ct Yellow Diamond from Diavik Mine in Canada
One of the largest gem-quality yellow diamonds ever discovered in Canada, the 158.20-carat gem is a remarkable find as Diavik Mine nears closure.
Rio Tinto has uncovered a rare and exceptional 158.20-carat yellow diamond at its Diavik Mine in Canada, marking one of the largest gem-quality yellow diamonds ever found in the country. This stunning discovery is also among only five yellow diamonds weighing over 100 carats to be unearthed by the company at Diavik throughout its 22-year history. Notably, Diavik is primarily known for producing white diamonds, with less than 1% of its output being yellow stones.
The Diavik Mine, which is set to close next year, is also responsible for several significant yellow diamond finds, including Canada’s largest yellow diamond, a 552.74-carat gem discovered in 2018, and the 187.7-carat Diavik Foxfire found in 2015.
With the closure of the Argyle mine in Australia in 2020, Diavik is now Rio Tinto’s sole diamond asset. Patrick Coppens, General Manager of Sales and Marketing for Rio Tinto’s diamond business, expressed excitement over the unique beauty and purity of the Diavik diamonds, eagerly anticipating the future of this extraordinary find.
International News
MGA Strengthens Regional Gold Industry Cooperation Through Six MoUs At MGF 2026
MoUs With Industry Bodies From India, UAE, Vietnam, Cambodia, Uzbekistan and Laos Reinforce Regional Connectivity, Collaboration and Malaysia’s Ambition As A Gold and Jewellery Hub.
The Malaysia Gold Association (MGA) signed Regional Industry Memorandum of Understanding (MoUs) with six international industry associations during the Malaysia Gold Festival (MGF) 2026, held from 18–20 September at the Kuala Lumpur Convention Centre.
The agreements were signed with the India Bullion and Jewellers Association (IBJA) Ltd. , Dubai Business Group for Bullion & Gold Refinery, Vietnam Gold Traders Association (VGTA), Cambodian Jewelers Federation (CJF), Uzbekistan Jewelry Industry Association (UJIA) and Gold Jewelry Gem Association Laos (GJGAL).
The initiative aims to strengthen regional partnerships, industry collaboration and connectivity across the international gold and jewellery ecosystem. The MoUs add an important regional dimension to MGF 2026, which brought together approximately 70 local and international exhibitors spanning the gold and jewellery value chain.
MGF 2026 also featured business networking, industry forums, educational programmes and knowledge exchange, with MGA positioning the festival as part of its broader ambition to establish Malaysia as a regional gold trading and jewellery hub.
During the festival, Malaysia’s Ministry of Tourism, Arts and Culture (MOTAC) also explored collaboration with MGA on Malaysia-themed gold products, including a proposed gold card highlighting Malaysian tourism destinations.
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