Rio Tinto’s Q1 Production Drops Amid Pause to Honor Lost Colleagues
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.

London—Rio Tinto reported a 22 percent year-over-year drop in production in the first quarter at its sole remaining diamond operation, the Diavik Diamond Mine.
The mine produced 740,000 carats in Q1, compared with 954,000 in the first quarter of 2023.
Rio Tinto reported first-quarter results for Diavik last week alongside results for its iron ore, bauxite, aluminum, and copper operations.
The first thing the company mentioned in its news release was the January airplane crash that killed six and injured one.
“We have been deeply affected by the loss of four Diavik colleagues and two airline crew members in a plane crash in January,” Rio Tinto Chief Executive Jakob Stausholm said. “This tragedy has strengthened our resolve to never be complacent about safety.”
The plane, a chartered Jetstream twin-turboprop en route to the remote Diavik mine, crashed shortly after takeoff from Fort Smith Airport in the Northwest Territories on the morning of Jan. 23.
The four Diavik workers killed in the crash have been identified as Diane Balsillie, Howard (Howie) Benwell, Joel Tetso, and Shawn Krawec, while the sole survivor was Kurt Macdonald.
Paszolo Alba was the airline crew member who was killed, while the second crew member hasn’t been publicly identified.
Rio Tinto said last week that it is continuing to work with Canadian authorities to determine the exact cause of the crash.
To grieve and honor the workers who died, the mine took a “production pause,” which led to the 22 percent year-over-year drop in production.
Quarter-to-quarter, production rose 12 percent from 659,000 carats mined in the fourth quarter of 2023.
Rio Tinto said continued production improvement from the A154 North underground pipe and ore development at the A21 underground project helped to offset the depletion of two ore bodies last year.
The company announced in March that it is going underground on the A21 pipe, a multi-million-dollar project that, if fully approved, will extend Diavik’s life into the first quarter of 2026.
The Latest

The jewelry retailer announced changes to its store network and brand portfolio during its fourth-quarter earnings call.

From a weaker labor market to inflation, NRF Chief Economist Mark Mathews gave insight on what retailers can expect this year.

The historic stone, which sold at Elmwood’s in London, is the largest white diamond to be offered on the U.K. market in more than a decade.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Three-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach in Las Vegas on May 31.


The model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.

Fresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

“The Basics of Jewelry” has been updated to include modern topics and visuals.

Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.

The Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.

The organizational change follows Kering’s promise of a transformation after declining sales in 2025.

Natalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.

Béatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.

The store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.

The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.

Our Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.

The 24-piece watch collection is set to debut in spring 2027.

Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.

The reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.

McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.

Nelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.

The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.

The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.

The MJSA Education Foundation’s scholarships support students pursuing jewelry careers.

The largest white diamond to come to market in the U.K. in more than a decade, the VVS1, I-color stone is expected to top $1 million.

Skelly shares her plans for reimagining the fine jewelry retailer she re-acquired after it faltered last year.

























