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 Rebound Amid Geopolitical Easing and Macro Uncertainty Augmont Bullion Report
Gold Has Bounced From The $4,500–4,550 (~Rs. 1,49,000) Support Zone and Is Now Targeting Resistance At $4,800–4,850 (~Rs. 1,55,000)
- Safe-Haven Dynamics – Gold and silver have recovered from key support levels as Middle East de-escalation signals pressured oil prices, reducing inflation concerns. The dollar weakened against major currencies after the US indicated progress toward an Iran deal, while the yen surged to a two-month high amid intervention expectations.
- Geopolitical Developments – President Trump announced a temporary pause in “Project Freedom” — the US military’s commercial shipping escort operation through the Strait of Hormuz — to allow time for a potential Iran agreement. Trump confirmed via Truth Social that negotiations have advanced significantly toward a comprehensive deal.
- Macro-economic Signals – Market attention now shifts to the upcoming non-farm payrolls data, which will indicate whether economic resilience justifies holding Fed policy steady or whether labour market softening strengthens the case for rate cuts.
Technical Triggers
- Gold has bounced from the $4,500–4,550 (~Rs. 1,49,000) support zone and is now targeting resistance at $4,800–4,850 (~Rs. 1,55,000).
- Silver has recovered from the $73 (~Rs. 2,43,000) support level and is expected to advance toward resistance at $77–78 (~Rs. 2,54,000–2,56,000).
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 |
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