Rio Tinto has approved a $40-million investment that will extend the productive life of Diavik — Canada’s largest diamond mine — until the first quarter of 2026.
![](https://thejewelerblog.files.wordpress.com/2023/02/diavik1.jpg)
The new funding will pave the way for the underground expansion of the prolific open-pit mine, which has yielded more than 100 million carats since the site first opened in 2003.
The first phase of the project will explore new diamond resources directly below Diavik’s existing A21 open pit. Phase 1 is expected to deliver an additional 1.4 million carats of rough diamonds.
Diavik expects to seek approval for Phase 2 of the A21 underground project in the first half of 2024. That phase is expected to deliver an additional 800,000 carats.
![](https://thejewelerblog.files.wordpress.com/2023/02/diavik2.jpg)
“Rio Tinto’s decision to support the underground development of the A21 pipe was prefaced on compelling industry fundamentals, our proven capacity to safely develop diamond mines in extreme conditions and a track record in competing successfully in the global diamond industry,” said Sinead Kaufman, Chief Executive of Rio Tinto Minerals. “This is good news for our employees, partners, suppliers and local communities in the Northwest Territories.”
![](https://thejewelerblog.files.wordpress.com/2023/02/diavik3.jpg?w=575)
Located in Canada’s frigid Northwest Territories, about 300 km (190 mi) northeast of Yellowknife, the Diavik Diamond Mine is most famous for producing the “552,” the largest rough diamond ever unearthed in North America. The 552-carat gem was discovered in October 2018 and made a public appearance at Phillips auction house in New York City in February of 2019.
The Diavik mine, which has consistently produced about 6 to 7 million carats of rough diamonds per year, is 100 percent owned and operated by Rio Tinto. According to mining.com, Diavik employs more than 1,100, of which 17% are Northern Indigenous people.
Credits: Rough diamonds and mine images courtesy of Rio Tinto. “552” photo by The Jeweler Blog.
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Great event. Thank you Huntsville ... See MoreSee Less
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💎 Step back in time with Elliott's Jewelers at our August Estate Jewelry Event! From August 22nd to 24th, explore exquisite, historical pieces from our collection. Preview our treasures here: www.elliottsjewelers.com/from-the-vault/#categories& and reserve your private viewing appointment between 9:30 am and 5:00 pm. Don’t miss your chance to own a piece of history! 👑 🕰️
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Picture this: an 'Anniversary Diamond' that sparkles with brilliance and the memories of years together. Why not consider upgrading the diamond in your wedding ring this upcoming milestone anniversary?
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Mark your milestone anniversary with a special upgrade from Elliott's Jewelers.💕 Can I make this ring for you?
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That is a very beautiful ring! What would something like this cost?
That’s a Beautiful ring WOW!
I no longer have anniversary’s, but it’s very pretty. Thanks for sharing. JS
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🌟 Uncover the history and beauty of estate jewelry at Elliott's Jewelers this August! Join us for our exclusive Estate Jewelry Event from August 22nd-24th. Dive into our vault here: www.elliottsjewelers.com/from-the-vault/#categories& and select pieces to view at your private appointment. Book now to secure a spot from 9:30 am to 5:00 pm each day and make history part of your style! 🕰️✨
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Make your old jewelry work for you! 🌟 At Elliott's Jewelers, every piece holds value. Trade in your unworn treasures for funds or upgrade to something new and sparkling. Refresh your collection today. See how far your jewelry can take you with us! 💍 Find out more: www.elliottsjewelers.com/sell-your-jewelry/
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Book an Appointment At Elliott’s Jewelers, you can be sure that you are getting the best possible appraisal for your jewelry. Our jewelry experts are trained and certified in jewelry appraisal, and ...1 CommentComment on Facebook
I have sent you pictures twice but never received a response.
🌟 Step into a world of timeless elegance with our August Estate Jewelry Event at Elliott's Jewelers! 📅 Mark your calendars: August 22nd-24th. Immerse yourself in the stories of exquisite pieces from our vault. To make this experience truly personal, we are scheduling exclusive appointments from 9:30 am to 5:00 pm each day.
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Gorgeous
💎 Discover timeless treasures at our August Estate Jewelry Event! Join us from August 22nd-24th at Elliott's Jewelers. Each piece has a unique story waiting to be part of yours.
Explore our exclusive collection here and book your private appointment from 9:30 am to 5:00 pm daily. Spaces are limited to ensure personalized attention. ✨ Find your next jewel with us! See more here: www.elliottsjewelers.com/from-the-vault/#categories&
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Very pretty.
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Beautiful 😍
Well done!
Thank you so much for your support & for such a beautiful piece!
Elliott's Jewelers wishes you and your family a Happy 4th of July! We will be closed on Thursday, July 4th. Elliott's Jewelers was thrilled to be part of Mitch and Lauren Fussell's love story. Do you have an Elliott's Jewelers story too? Let's celebrate by sharing it with us so we can continue making history together! Your stories inspire us every day. 🎆
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Wish I could click the “Love” and “Wow” Buttons at the same time.