Diavik’s Diamond Production Falls by 25 Percent

Rapaport reported that the Diavik diamond mine’s production fell by 25 percent year-on-year during 2014’s fourth quarter. Output hit 1.54 million carats during the period.

As quoted in the market news:

Diamond recovery weakened as a result of lower realized grades in all three ore bodies at Diavik and a higher proportion of the lower grade from A154 North. Despite the steep drop in production,  full calendar year production was basically flat at 7.34 million carats, according to Dominion Diamond Corporation, which owns a 40 percent share in Diavik. Rio Tinto owns the remaining 60 percent stake and operates the mine.

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