Rio Tinto's recent "Specials" Tender, which showcases rough gem-quality diamonds greater than 10.8 carats from its three operating diamond mines in Australia, Canada and Zimbabwe, comprised 104 parcels of diamonds. The tender, which took place in Antwerp and Israel from October 3-24, featured large fancy cognac diamonds from the Argyle mine in Western Australia. Additionally, the most valuable diamond on offer was a 74-carat diamond from the Murowa mine in Zimbabwe.
Without divulging specific numbers of diamond parcels sold or prices paid for them, Rio Tinto said that the tender results were "strong." According to Patrick Coppens, General Manager of Sales for Rio Tinto Diamonds, "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. Thirty-four companies were successful with strong representation from Israel.