Rio Tinto Specials tender brings strong results

Diamonds greater than 10.8ct featured; Israel leads successful bids.

Rio Tinto has described "strong results" at its recent Specials Tender of rough diamonds weighing more than 10.8cts.

The tender showcased the finest large rough diamonds from Rio Tinto’s three operating diamond minds in Australia, Canada and Zimbabwe. The stones were offered for tender in Antwerp and Israel from October 3 to 24.

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The collection comprised 104 parcels of fine, large diamonds diamonds. It was notable for the large fancy cognac diamonds from the Argyle mine in Western Australia. The most valuable diamond was a 74ct diamond from the Murowa Mine in Zimbabwe.

Rio Tinto Diamonds general manager Patrick Coppens 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.”

More than 100 diamond specialists from around the world were invited to bid on the Rio Tinto Diamonds Specials Tender. Participants placed their bids via Rio Tinto Diamonds online bidding platform and 34 companies were successful with strong representation from Israel.

Rio Tinto is the only mining company that sells its diamonds by mine and country of origin.



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