Rio Tinto Posts 'Strong Results' From Tender of Large Stones

(IDEX Online News) – Rio Tinto reports strong results from its recent tender of “special” large rough stones from its three diamond mines.

Diamonds greater than 10.8 carats in gem qualities qualify to be a “Special” and Rio Tinto’s rough diamonds, mined in Australia, Canada and Zimbabwe, all contributed to the collection offered for tender in Antwerp and Israel during October.

The collection included 104 parcels of diamonds notable for large fancy cognac diamonds from the Argyle mine in Western Australia.

The most valuable diamond was a 74-carat diamond from the Murowa mine in Zimbabwe.

More than 100 diamond specialists from around the world were invited to bid at the tender via Rio Tinto Diamonds' online bidding platform, with 34 companies being successful and strong representation from Israeli firms.

Patrick Coppens, General Manager of Sales for Rio Tinto Diamonds said, “This Specials Tender showcases the unique portfolio of Rio Tinto’s diamonds mines and the results reflect the strong demand and resilience for diamonds at this end of the market.”