{"id":9562,"date":"2024-10-17T07:11:25","date_gmt":"2024-10-17T07:11:25","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=9562"},"modified":"2024-10-17T07:11:48","modified_gmt":"2024-10-17T07:11:48","slug":"rio-tinto-diamond-production-drops-in-q3-2024","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2024\/10\/17\/rio-tinto-diamond-production-drops-in-q3-2024\/","title":{"rendered":"Rio Tinto Diamond Production Drops in Q3 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"875\" height=\"621\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/10\/IMG-1-5.jpg\" alt=\"\" class=\"wp-image-9564\" style=\"border-width:3px;border-radius:5px;width:559px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/10\/IMG-1-5.jpg 875w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/10\/IMG-1-5-300x213.jpg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/10\/IMG-1-5-768x545.jpg 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/10\/IMG-1-5-200x142.jpg 200w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2024\/10\/IMG-1-5-600x426.jpg 600w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.riotinto.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rio Tinto<\/a>, a global mining giant, has announced a decrease in diamond output in the third quarter of 2024. In July, a subsidence event delayed underground ore supplies at the company&#8217;s <a href=\"https:\/\/www.riotinto.com\/en\/operations\/canada\/diavik\" target=\"_blank\" rel=\"noreferrer noopener\">Diavik<\/a> mine in Canada, causing substantial setbacks.<\/p>\n\n\n\n<p>As a result, <a href=\"https:\/\/www.riotinto.com\/en\/operations\/canada\/diavik\" target=\"_blank\" rel=\"noreferrer noopener\">Diavik<\/a>&#8216;s Q3 rough production fell by 28%, totaling 542,000 carats, when compared to the same period previous year. However, there is a ray of optimism on the horizon. The mine has successfully completed Phase 1 of the A21 underground project, and commercial production has begun.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.riotinto.com\/en\/operations\/canada\/diavik\" target=\"_blank\" rel=\"noreferrer noopener\">Diavik<\/a>&#8216;s diamond production fell by 26% year on year, hitting 1.98 million carats in the first nine months of 2024, compared to 2.68 million carats in the same period last year.<\/p>\n\n\n\n<p>Despite the hurdles, <a href=\"https:\/\/www.riotinto.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rio Tinto<\/a> is optimistic. The business intends to entirely mine the A21 underground before closing in 2026. In October, they also debuted the 2024 Beyond RareTM Tender, which featured a unique assortment of rare pink, red, violet, and yellow diamonds.<\/p>\n\n\n\n<p>The fall in diamond production is only a temporary setback for <a href=\"https:\/\/www.riotinto.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rio Tinto<\/a>, which will continue to invest in its mining operations and explore new prospects in the gemstone market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rio Tinto, a global mining giant, has announced a decrease in diamond output in the third quarter of 2024. In July, a subsidence event delayed underground ore supplies at the company&#8217;s Diavik mine in Canada, causing substantial setbacks. As a result, Diavik&#8216;s Q3 rough production fell by 28%, totaling 542,000 carats, when compared to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rio Tinto Diamond Production Drops in Q3 2024 - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2024\/10\/17\/rio-tinto-diamond-production-drops-in-q3-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rio Tinto Diamond Production Drops in Q3 2024 - JNI\" \/>\n<meta property=\"og:description\" content=\"Rio Tinto, a global mining giant, has announced a decrease in diamond output in the third quarter of 2024. In July, a subsidence event delayed underground ore supplies at the company&#8217;s Diavik mine in Canada, causing substantial setbacks. 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href=\"https:\/\/jewellerynewsindia.com\/index.php\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"Rio Tinto, a global mining giant, has announced a decrease in diamond output in the third quarter of 2024. In July, a subsidence event delayed underground ore supplies at the company&#8217;s Diavik mine in Canada, causing substantial setbacks. As a result, Diavik&#8216;s Q3 rough production fell by 28%, totaling 542,000 carats, when compared to the&hellip;","_links":{"self":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/9562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=9562"}],"version-history":[{"count":1,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/9562\/revisions"}],"predecessor-version":[{"id":9565,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/posts\/9562\/revisions\/9565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media\/9563"}],"wp:attachment":[{"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=9562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/categories?post=9562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jewellerynewsindia.com\/index.php\/wp-json\/wp\/v2\/tags?post=9562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}