Rio Tinto announced its financial results for 2007. It noticed a decline in net profit by 2% to value at $7.312 billion, as compared to 2006, while its net profit from diamonds in 2007 rose from $211 million to $280 million. Production also fell by 26% to 26,023 million carats. Its diamond sales on the contrary were much in demand as the sales hiked from $838 million in 2006 to $1.02 billion in 2007.%%According to a mine-wise break up Argyle generated revenue worth $87 million - $23 million more than in 2006, attributed to better rough sales, especially the pink diamond variety. Diavik mine generated revenues worth $193 million rising from $54 million in 2006. The Murowa mine in Zimbabwe however slid in revenue to $3 million as compared to $10 million in 2006.
Rio Tinto stated that the anticipation of lowered rough supplies would hike demand for diamonds in 2008, especially for good-quality merchandise.