IIGJ appoints Dr. Seema Shah as Head for Mumbai institute

She has had about twenty four years of teaching experience in academics and software industry.

Post By : IJ News Service On 27 October 2014 1:35 AM
Rio Tinto has created a publication Rare and Collectable, with the rare pink diamonds from Rio Tinto’s Argyle Diamond Mine, as its perspective. The publication features the unique market position these stones hold today, their global demand and supply and the resulting strong price appreciation and their market demand in comparison to white diamonds. %% The company will release Rare and Collectable, coinciding with the 26th Argyle Pink Diamonds. The publication also provides an insight into compelling metrics driving the value of pink diamonds, even in times of economic uncertainty. According to Jean-Marc Lieberherr, General Manager for the Sales and Marketing of diamonds from all Rio Tinto’s mines, “In the rarified world of Argyle pink diamonds we are continuing to see strong demand in both the mature and emerging markets. On the supply side there are no known pink diamond mines or deposits and even if another was found, it takes at least 10 years for a mine to proceed from discovery to production.” %% These fundamentals are providing a catalyst for growth in investment demand and with only around a decade of remaining mine life at Argyle, these rare pink diamonds are becoming rarer. %% According to Tom Albanese, Chief Executive of Rio Tinto, “Thirty years ago there were very few people who believed Australia could hold the secret of diamonds – even fewer could foresee the discovery of the rarest of all diamonds – the Argyle pink diamond. Patience, diligence and the efforts of resource experts and investors have been rewarded, as events of the past three decades have unfolded.” The Argyle Diamond Mine was discovered in 1979 and produces virtually the entire supply of the world’s pink diamonds.

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