Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

Rio Tinto Increases Diamond Sales, Narrows Losses

July 31, 25 by John Jeffay

(IDEX Online) - Rio Tinto has reported an increase in first-half sales at its Diavaik diamond mine, in Canada, and said it had narrowed losses.

 

The global miner said revenue for the six months to 30 June was $162m, up nine per cent on the same period last year, and losses were $55m, a 13 per cent improvement on $63m.

 

Earlier this month Rio Tinto said production at the mine, in the remote Northwest Territories, rose by 76 per cent year-on-year during Q2 2025 (three months to 30 June) to 1.24m carats.

 

The company's total revenue, across all metals and minerals in 35 countries, was down 2 per cent during the half year to $6.9bn

 

The company acquired full ownership of the mine, 200km south of the Arctic Circle, in November 2021 after it bought out a 40 per cent stake from Dominion Diamond Mines. It is expected to end commercial production early next year.

 

Diavik is Rio Tinto's last diamond mine after the closure of the Argyle diamond mine, in Western Australia, in November 2020 after 37 years of production.

 

Pic courtesy Rio Tinto.

Diamond Index
Related Articles

Canada's Big Three Mines Could Close Early

April 07, 25 by John Jeffay

Read More...

Production Rises at Rio Tinto's Last Diamond Mine

April 21, 25 by John Jeffay

Read More...

Production Surge at Rio Tinto's Last Diamond Mine

July 17, 25 by John Jeffay

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter