Canadian Mine Produces 158-Carat Yellow Diamond
Rio Tinto unearthed the diamond at its Diavik mine in Canada’s Northwest Territories.

The mining company said the giant gem is one of only five yellow diamonds weighing more than 100 carats ever unearthed at Diavik, noting that finding any yellow diamonds at the mine is a rare occurrence. Yellow diamonds account for less than 1 percent of the mine’s production.
The 158-carat stone also is one of the biggest gem-quality yellow diamonds found in Canada; the largest is the 552.74-carat yellow diamond discovered at Diavik in 2018.
That diamond also holds the title of largest diamond ever found in North America.
“This 2-billion-year-old natural Canadian diamond is a miracle of nature and testament to the skill and fortitude of all the men and women who work in Diavik’s challenging sub-Arctic environment,” said Matt Breen, who took over as the mine’s chief operating officer in December 2023.
The Diavik Diamond Mine opened in 2003.
The original life-of-mine plan for Diavik called for the mine to operate through 2025, but Rio Tinto has invested millions in going underground on one of the mine’s four kimberlite pipes, A21.
The first phase of commercial production at A21underground began late last year and is expected to extend the mine’s life into early 2026.
The Latest

Sponsored by American Gem Trade Association

In the United States, second-quarter sales were flat amid soft consumer sentiment and lower in-store traffic.

The 22-karat gold egg, sold at Batemans Auctioneers in the U.K., was part of a 1980s treasure hunt ad campaign for Cadbury Creme Eggs.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

The expanded collections now feature hand-cut gemstones like topaz, tanzanite, chrysoprase, chalcedony, smoky quartz, and fire opal.


The lab-grown diamond jewelry brand’s newest boutique is in Westfield Valley Fair in Santa Clara, California.

Two suspects offered to trade the woman a “winning” lottery ticket for her jewelry.

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

Finsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.

Michel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.

Longtime industry executive Beth Miller has taken on the role.

The brooch was owned by Virginia Fortune Ryan Ogilvy, who served as a lady of the bedchamber to Queen Elizabeth II for nearly 50 years.

Jamie Cygielman will take on the role on Aug. 24.

Moore, Polly’s husband, is remembered as a family man with an easygoing spirit and a love for sports and the outdoors.

Duvall O’Steen and Jen Cullen Williams share the best ways to display, present, and explain colored gemstones to younger customers.

The mid-year conference for jewelry and watch appraisers will take place Sept. 5-6 on Zoom.

Honest Hands Ring Co. Founder Benjamin Bosworth shared his thoughts on jewelry technology and why AI can never replace the human element.

QVC Group President and CEO David Rawlinson is temporarily being replaced by a familiar face, former QVC CEO Mike George.

The brand also added two one-of-a-kind brown diamond pieces to the “Sanssouci” series of its “Gardens” collection.

Ostbye took home top vendor honors at the Independent Jewelers Organization’s show, held last month in Kentucky.

Sponsored by Stratus Estate Buyers

Cloud, who will officially join Blue Nile on Monday, spent 26 years at Tiffany & Co. and founded jewelry brand Roseate.

Garcia will take over from the company’s current CFO, Anders Boyer, who is retiring at the end of November.

Etsy CEO Kruti Patel Goyal explained why the company is letting go more than 200 employees as its performance improves.

The “Star Gazer” pendant, our Piece of the Week, is Syna’s tribute to curiosity and the discovery of something new.

Museum officials are looking to the public to help cover the “exceptional” costs involved in recovering from the July 5 smash-and-grab.

The overhaul includes enhanced employee safety training and trendy earring styles, including lab-grown diamond studs.























