Thursday, April 10, 2014

Rio Tinto's Rough Diamond Tender

Press Release: Rio Tinto’s first rough diamond tender of 2014 delivered a strong result amidst unprecedented participation and a record number of successful bidders.

Comprised of 124 lots of rough diamonds from its Argyle (Australian), Diavik (Canadian) and Murowa (Zimbabwean) mines, this unique combination of white and fancy colored rough diamonds was awarded to 44 successful companies.
The most valuable diamond in total dollars was an exceptional 70-carat white diamond from the Diavik mine. There was also unprecedented bidding for the wide array of fancy colored rough diamonds from all three Rio Tinto mines – the yellow, champagne, cognac, pink and purple diamonds were sold to diamond specialists from around the world.
Rio Tinto is one of the world's major diamond producers through its 100 percent control of the Argyle mine in Australia, 60 percent of the Diavik mine in Canada, a 78 percent interest in the Murowa mine in Zimbabwe.

These three mines allow Rio Tinto to produce diamonds for all market segments. Rio Tinto also has an advanced diamond project in India. Rio Tinto's share of the production from its three operating mines is sold through its diamonds sales and marketing headquarters office in Antwerp, Belgium with representative offices in Mumbai, Hong Kong and New York.

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