DDMI Supplying First Diavik Goods
July 08, 03
Rio Tinto’s Diavik Diamond Mines Inc. (DDMI) is supplying an allocation of rough diamonds to the four manufacturing facilities in Yellowknife that have received approval from the Government of the Northwest Territories under its Framework Policy on Support for Diamond Manufacturing.
Rio Tinto Diamonds N.V., DDMI's sister company and sales agent, will allocate rough diamonds from the Diavik diamond mine to Arslanian Cutting Works NWT Ltd., Sirius Diamonds Ltd./E. Schreiber, Canada Dene Diamonds Inc., and Laurelton Diamonds Inc.
Laurelton is a subsidiary of Tiffany & Co. that has recently opened a Canadian rough diamond processing plant in Yellowknife.
The quantity of goods being offered to northern manufacturers out of DDMI's share of production from the Diavik mine represents 10 percent of the total available for sale in July.