Diamond production of Australia-based miner Rio Tinto at its Argyle Diamond Mine reached 6.880 million carats in the first half of the year, up 4 percent from the same period a year ago, the company announced. The company attributed the increase to the continued ramp-up of underground production, resulting in higher ore volumes processed, which … Read More →
Luxury group LVMH Moët Hennessy Louis Vuitton reported a 7 percent growth in its watch and jewellery business during the first quarter of 2016 on the back of successful product launches and sustained customer interest. In its annual report, the group cited positive performance of its various luxury brands including Bulgari, Chaumet, TAG Heuer and … Read More →
Alrosa’s diamond mining production reached over 38 million carats in 2015, an increase of 6 percent from the previous year, the Russian mining giant announced recently. Alrosa President Andrey Zharkov attributed the results to the opening of the Botuobinskaya pipe in Yakutia, rising production at Severalmaz in the Arkhangelsk region, and improved diamond mining at … Read More →