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
Precious Metals Hold In Consolidation As US-Iran Tensions Offset Easing Oil Concerns AUGMONT BULLION REPORT
Gold and Silver Remain Under Pressure As Middle East Uncertainty Sustains Investor Caution Around Inflation Risk
- Price movement– Gold and silver remain under pressure as Middle East uncertainty sustains investor caution around inflation risk. The dollar holds firm after renewed US strikes on Iranian targets and signals that a diplomatic resolution may be delayed, undermining expectations of an imminent Strait of Hormuz reopening.
- Geopolitical Developments – US Central Command conducted strikes on missile launch sites and vessels suspected of mine deployment in southern Iran, framing the operations as force protection measures. President Trump acknowledged ongoing diplomatic engagement with Tehran but cautioned that military action could resume if talks collapse.
- Macro-economic Signals – Gold is down nearly 15% and silver nearly 20% since the conflict began, as energy-driven inflation fears reinforced central bank tightening expectations. However, the week’s sharp oil price decline has partially eased inflation concerns and tempered rate hike bets.
Technical Triggers
- Gold is ranging between $4,450–$4,600. RSI at 46 signals neutral momentum; MACD is flat — no directional conviction. Short-term bias leans toward mild consolidation.
- Silver continues to oscillate between $72–$78.50. Range-bound momentum is expected to persist absent a definitive breakthrough in US-Iran negotiations.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4450/oz : $4600/oz : Rs. 157,000/10 gm : Rs. 160,400/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $72/oz : $78.5/oz : Rs. 265,000/kg : Rs. 280,000/kg |
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