Program aims to educate young consumers about mined stones’ positive qualities.
Weakened Canadian dollar weighs on earnings despite boost in revenue.
Mining suspended pending investigation into tailings storage breach that resulted in flooding.
Third-quarter results suffered from unfavorable comparison with strong period last year.
Company recorded $1 million in profit, compared to loss of $918,953 in the previous quarter.
Miner achieves record $110.6 million in third quarter.
Miner extends latest tender due to “unusual market conditions.”
Miner brings in $1.6 million amid sale of 59.35-carat rough.
Revenue and profit from Rio Tinto’s diamond division soared in the first half of the year as demand strengthened and manufacturers replenished inventory.
De Beers’ revenue rose by almost a quarter in the first half of 2022, but the miner gave a more somber outlook for the rest of the year as polished demand has slowed.
With Covid-19 no longer a plausible reason, the industry is starting to suspect that a thorny issue is preventing the miner and the government from finalizing a new sales agreement.