![]() Much of the company’s growth over the years has been a result of mergers and acquisitions. Rio Tinto’s main products include gems, iron ore, copper, uranium, and gold. Rio Tinto Group is the world’s second-largest mining and metals corporation.įounded in 1973, this Anglo-Australian multinational corporation is headquartered in London. Top Diamond Stocks to Watch Out For Rio Tinto Limited (NYSE: RIO) If you want to capitalize on this potential rebound, follow along for our top picks for diamond stocks to watch out for in 2023. The pandemic also affected China’s diamond production (which accounts for 15% of global diamond demand).ĭespite the difficult year the diamond market has had, there’s plenty of potential for it to come back strong in the future. This could have resulted from reduced demand for expensive products with the economic downturn. The idealized, gem-quality polished minerals that we see for wedding proposals only make up about 19% of the diamond market.Ģ020 was a slow year for the diamond market. “Email orders are probably taken inside, but human-to-human transactions are almost all outside,” she said, describing the courtyards “like public parks where we are assuming all these activities will take place.The best diamond stocks are involved in more than one industry. Comparing the landscaped areas to “a traditional bazaar,” Rastogi said the firm was influenced by the fact that many informal transactions take place outside the office environment. Rastogi drew attention to the series of nine 1.5-acre courtyards, complete with seating and water features, that can serve as casual meeting places for traders. The design was also informed by Morphogenesis’ research into how the Indian diamond trade operates. (Gadhavi, meanwhile, said that a lottery system was used to decide which businesses were given which offices.) Working there is intended “to be exactly the same for everyone,” she explained on a video call from New Delhi, adding that no office takes longer than seven minutes to reach from any of the building’s entry gates. Newly-released images offer a look inside the gargantuan building. ![]() With offices connected by a long central corridor - a configuration reminiscent of an airport terminal - occupants have similarly convenient access to amenities and facilities, according to the architecture firm’s co-founder, Sonali Rastogi, who described the design as “democratic.” Morphogenesis said its layout creates a “level playing field” for businesses both small and large. Rather, the project’s size was dictated by demand, he said, adding that the offices were all purchased by diamond companies prior to construction. Surpassing the Pentagon was not part of the competition brief, Gadhavi told CNN. The building was masterminded by Indian architecture firm Morphogenesis following an international design competition. “It’s difficult … (some) people have to spend three and a half to four hours, daily, to come from their homes to their offices and back home again,” he said over video call, describing the move to relocate businesses to Surat as a “better option.” The building's atriums were designed to encourage natural ventilation through the building.
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