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
Safe-Haven Rally Amid US–Iran Diplomacy and Pre-NFP Caution AUGMONT BULLION REPORT
Gold Continues Its Upside Momentum With Next Target Resistance At $4,800–4,850 (~ Rs. 1,55,000)
Safe-Haven Dynamics – Gold and Silver have resumed their upward trend, supported by optimism around a potential US–Iran peace deal that is weakening the safe-haven appeal of the USD. Despite ongoing tensions in the Strait of Hormuz, investor sentiment leans toward diplomatic resolution. This has pushed Crude Oil prices lower, reducing inflationary pressure and lowering expectations of a more aggressive Fed stance.Â
Geopolitical Developments – Iran has accused the US of breaching the ceasefire through strikes near the Strait. The Trump administration is awaiting Tehran’s formal response to a proposal aimed at reopening Hormuz and resolving the roughly ten-week conflict. Reports suggest Iran will relay its position via Pakistan within two days.
Macro-economic Signals Markets are focused on today’s NFP print, forecast at 62K — a sharp pullback from March’s stronger-than-expected 178K. The Unemployment Rate is projected to hold at 4.3%, while Average Hourly Earnings growth is expected to tick up to 3.8% from 3.5%, keeping wage inflation in focus.
Technical Triggers
- Gold continues its upside momentum with next target resistance at $4,800–4,850 (~Rs.1,55,000).Â
- Silver has met the $80 (~Rs. 2,60,000) and $82 (~Rs. 2,65,000) upside target. Prices are expected to consolidate here for a while before moving higher towards $85 (~Rs. 2,70,000)
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4500/oz : $4850/oz : Rs. 148,000/10 gm : Rs. 155,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $73/oz : $85/oz : Rs. 240,000/kg : Rs. 270,000/kg |
Ronnie VanderLinden Appointed WDC President, Anoop Mehta Named VP
Safe-Haven Rally Amid US–Iran Diplomacy and Pre-NFP Caution AUGMONT BULLION REPORT
Where Every Story Of Love Begins: Dhirsons Jewellers Marks Mother’s Day With ‘First Love. First Gold.’
PNG Jewellers stock touches 52-week high of Rs 727.80 amid strong market momentum, strong festive demand
BlueStone-Backed Ethera Launches Mother’s Day Campaign ‘I Am Not Like My Mother,’ Alongside A Curated Edit Of Everyday Fine Jewellery
Shringar House Of Mangalsutra Unveils Expanded State-Of-The-Art Manufacturing Facility At Kandivali, Mumbai
-
National News20 hours agoPNG Jewellers stock touches 52-week high of Rs 727.80 amid strong market momentum, strong festive demand
-
DiamondBuzz21 hours agoBlueStone-Backed Ethera Launches Mother’s Day Campaign ‘I Am Not Like My Mother,’ Alongside A Curated Edit Of Everyday Fine Jewellery
-
New Premises2 days agoShringar House Of Mangalsutra Unveils Expanded State-Of-The-Art Manufacturing Facility At Kandivali, Mumbai
-
International News1 day agoPrecious Metals Surge As Middle East Diplomacy Advances AUGMONT BULLION REPORT
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.