Rio Tinto’s Antwerp-Israel rough diamond tender delivers strong results and record participation

Rio Tinto’s first rough diamond tender for 2014 has delivered a strong result amidst unprecedented participation and a record number of successful bidders. The tender comprised 124 lots of rough diamonds, a unique combination of white and fancy coloured diamonds from its Argyle (Australian), Diavik (Canadian) and Murowa (Zimbabwean) mines, awarded to 44 companies.

“We were delighted with the bidding, the global nature of the successful bidders and the final result. It speaks to the strong demand for our diverse diamond portfolio,” said Patrick Coppens, General manager for the sales of all Rio Tinto diamond productions.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 coloured 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.

The next Rio Tinto tende outside of its regular cycle of Supply Agreements, known as an Invitation Sale, for a broad range of rough diamonds from the Diavik mine will be held in Antwerp in May. Interested parties can contact Rio Tinto Diamonds through the following contact details: auctionsales@riotinto.com or call +32 3 303 6868.