Rio Tinto’s diamond production steady despite covid-19

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector.

Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.

The gem’s final price nearly tripled Sotheby’s pre-sale estimate.

China already actively seeking opportunities.

Former leader Robert Mugabe will have to answer questions next month about whether the state was deprived of $15 billion in diamond revenue.

Alrosa's production fell by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.

The world’s top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond “toolkit” to digitally track their stones throughout the supply chain.

A planetary “embryo” gave origin to the meteorite fragments that form the Almahata Sitta collection.