HIDDEN MENU ITEMS
Twitter Feed

Entries in Pink (17)

Saturday
Oct042014

Gold Sinks Below $1,200, Platinum Hits 5-Year Low

By Rob Bates, News Director

Posted on October 3, 2014

Oct. 3 was a tough day for metal prices: Gold sank below $1,200, and platinum plummeted to a five-year low. 

Gold’s drop below the $1,200 barrier is the latest dip in a roller-coaster year for the yellow metal: It started the year over $1,200 and seemed to be approaching the $1,400 mark in March. But at press time, its spot price was $1,192 an ounce, meaning it is now down for the year.

Gold futures last fell under that benchmark in December.

Analysts attributed the sell-off in part to a spate of upbeat economic news, including reports that the unemployment rate fell 6 percent.

Platinum was trading at $1,222 an ounce at press time, its lowest level since 2009, and a $40 drop from today’s opening price. Analysts said the drop was in part caused by slowing demand in Europe.

Tuesday
Jul092013

Argyle pink diamonds get heart of stones beating

Rare pink, red and blue Argyle diamonds. 

IF diamonds are a girl's best friend, to use the well-known refrain, then a pink diamond is a soulmate - an exceedingly rare find. It was certainly the rarest of finds for global mining giant Rio Tinto in 1979 in Smoke Creek in Western Australia's Kimberley, a region of rugged yet breathtaking terrain.

Exploration crews were working their way along that creek on October 2, 1979, when one of the geologists saw a small diamond embedded in an anthill. Thus began the start of the Argyle diamond mine and a multi-billion-dollar industry.

Diamond enthusiasts marvel at the sparkle and attraction of a white gem, but the precious pink stones are truly unique and they comprise less than one-tenth of 1 per cent of Argyle's annual diamond production.

Click to read more ...

Wednesday
Jun272012

Rio Tinto Appoints New MD of the Argyle Diamond Mine

Rio Tinto Diamonds appointed Kim Truter as managing director of the Argyle Diamond Mine in Western Australia, effective from July 1.

Truter, an experienced mining executive, has held a number of senior roles within Rio Tinto, most recently as president and COO of the Diavik Diamond Mine in Canada.

"I am delighted with Kim’s appointment and his extensive experience will be invaluable in leading the future development of the Argyle Diamond Mine," said Rio Tinto Diamonds managing director Bruce Cox. 

Truter, who was instrumental in leading the development of underground mining at the Diavik Diamond Mine, said, "The Argyle Diamond Mine is an iconic Australian operation and it plays an important role in Rio Tinto’s global diamonds business. I am looking forward to working with the team at such an exciting time in Argyle’s growth and development.”

The 100-percent owned Argyle Diamond Mine is located in Western Australia. It is the largest producer of colored diamonds and the only consistent producer of rare pink diamonds.

Monday
Jun252012

It all starts with an idea...@ageniuswithgems

Wednesday
May302012

Rare pink diamond sells for $17m

After six minutes of frenzied bidding, one of the world's rarest gem stones - a large pink diamond - has sold at auction in Hong Kong for $17.4 million.

Click to read more ...