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

Valeriya Guzema and Mariana Lenha look back on the last decade and discuss the Ukrainian brand’s first U.S. store.

Jewelry sales for the company, which owns Cartier, Van Cleef & Arpels, Vhernier, and Buccellati, rose 21 percent in the first quarter.

The graduate, Grace Barden, credited the program with helping her secure a job as a bench jeweler.

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

The event, scheduled for next month in New Orleans, will include dinner, a custom jewelry design contest, and education sessions.


The founder of Fords Jewelers, Berman is remembered for his love of connecting with his community.

The watch and jewelry retailer had a strong fiscal year despite what its CEO described as a “complex operating backdrop.”

DCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.

The open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.

Bold color, expressive gem-setting, and sculptural form define the three chapters that make up “Stile Libero.”

The New York-based jewelry brand has expanded overseas, opening a store in London’s Mayfair district.

Rising revenue does not automatically mean a healthy business, particularly in the current economic landscape, Smith writes.

These long, fluid drop earrings are sure to catch the eye.

Alberto Perez-Elias is one of four men charged with robbing a Cape Coral, Florida, jewelry store and is the only one still at large.

Initiatives in Art and Culture is hosting its 16th annual Gold and Diamond Conference, with the theme of “Resilience.”

The designer, who once said she’d never sell lab-grown diamonds, debuted two capsule collections designed to be fun and easy to wear.

The diamond miner and marketer is undergoing another round of cost-cutting measures ahead of its sale by Anglo American.

The annual trade-only buying event is slated for Oct. 16-19 in Miami Beach, Florida.

AGTA also has announced the lineup of judges for the colored gemstone cutting and jewelry design contest’s various categories.

Collectibles platform Arena Club’s new Time Boxes could contain a Rolex or Patek Philippe watch.

The “Constellation Plié” collar, our Piece of the Week, features diamonds arranged in a constellation of shining stars.

Shaun Wills joined the company in 2024 and was chief financial officer of the De Beers Brands and Consumer Markets division.

In honor of its 20th anniversary, the jewelry brand has released a limited-edition collection of Swiss-made timepieces.

“Human Being” highlights the similarities and differences between us through five sets of jewelry that celebrate fine craftsmanship.

Richemont will continue to provide operational services for the watch brand for a period while the group prepares to integrate it.

Nate Borgelt will lead the digital auction house and content platform’s new division as head of watches.

Enoch Platero, founder and designer behind Enoch Michael, is the first Native American jeweler to win the award.

























