DiamondBuzz
Rio Tinto’s Diavik Mine Surpasses 150 Million Carats of Diamond Production
Rio Tinto’s Diavik Diamond Mine in Canada’s Northwest Territories has reached a significant milestone, producing over 150 million carats of rough diamonds since operations began in 2003.
The mine, known for its high-quality white diamonds and a smaller portion of yellow stones, has exceeded its original production forecast of just over 100 million carats, becoming the first Canadian diamond mine to cross the 150-million-carat mark.
This achievement reflects consistent operational efficiency despite the region’s demanding conditions. The success is also attributed to strong collaboration with investors, community stakeholders, business partners, and government entities.
Diavik comprises four diamond-bearing pipes and is expected to conclude production in early 2026. Plans for closure are already underway, with a focus on safety, environmental restoration, biodiversity protection, and long-term community development.
DiamondBuzz
Big, Slightly Tinted Diamonds: Object Of Desire In The US Market
Buyers Of 2.5-Carat and Up Pieces Are Increasingly Choosing Stones With J Color Or Lower, Sometimes Much Lower On The Color Scale
Big, slightly tinted diamonds are suddenly the object of desire in the US — and the industry is asking why.
Buyers of 2.5-carat and up pieces are increasingly choosing stones with J color or lower, sometimes much lower on the color scale, say retailers and traders. That shift signals more than a fashion tweak: it reflects how affluent shoppers now want their diamonds to read as “natural” at a glance.
Lab-grown gems typically come in the brightest, clearest grades, so a warmly hued, imperfect-looking stone has become a visible badge of authenticity — a deliberate antique vibe in a polished world where synthetics dominate. No surprise: The Knot reports that 61% of U.S. couples now pick lab-grown rings.
A report explores who’s buying these larger, lower-color stones, how cultural moments and celebrities — think Taylor Swift — helped fuel the taste for them, and why antique cuts seem particularly suited to carrying color. The piece also ties this appetite to broader marketing narratives, including De Beers’ push for so-called “Desert diamonds.”
It’s not all doom and gloom for mined diamonds. Larger sizes — especially 2 carats and above and long fancy shapes — have held up better than smaller goods over the past year. The report isolates this rising niche and asks the key question: can these warm-toned showstoppers withstand the continued rise of lab-grown competition?
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