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Rio Tinto Schedules Rough Diamond Tender

Mar 5, 2014 2:09 AM   By Rio Tinto Diamonds
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Press Release: Rio Tinto  announced the dates of its first rough diamond tender of 2014, which will be held in Israel and Antwerp from March 9 to 28. The tender will offer 124 lots from the Argyle (Australian), Diavik (Canadian) and Murowa (Zimbabwe) diamond mines. The tender also showcases a unique combination of white and fancy colored rough diamonds. Notable diamonds include:
  • A 70-carat white diamond from the Diavik mine;
  • Several fancy and intense yellow diamonds from all three mines;
  • Several large dark brown diamonds from the Argyle mine;
  • A range of extremely rare natural pink rough diamonds from the Argyle mine, and
  • Several purple diamonds from the Diavik mine.
Patrick Coppens, the general manager of sales for Rio Tinto Diamonds, said, “This tender offers an opportunity to view and bid for the full suite of Rio Tinto’s diverse diamond production, for which there is continued strong global demand.”

While the majority of Rio Tinto's rough diamond production continues to be sold in Antwerp through two-year supply agreements with designated Select Diamantaires, Rio Tinto offers specific product segments for sale to a wider community of invited companies. A proprietary auction mechanism is used for this sale format.

Diamond companies interested in participating in the Rio Tinto’s Specials Tender and those who wish to schedule a viewing appointment in Antwerp can make contact through auctionsales-at-riotinto.com or call 32.3.303.6868.  Viewings in Israel are fully booked.

About Rio Tinto Diamonds
Rio Tinto operates a fully integrated diamond business from exploration through to sales and marketing. It 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, 78 percent interest in the Murowa mine in Zimbabwe and 100 percent interest in the Bunder project in India.

Rio Tinto's share of the production from its three operating diamond mines is sold through its sales and marketing office in Antwerp, with representative offices in Mumbai, Hong Kong and New York. It also operates a niche cutting and polishing factory in Perth for the rare pink diamonds from its Argyle mine. Rio Tinto is a leading supporter of the Kimberley Process and the first mining company to be certified by the Responsible Jewellery Council. Website: www.riotintodiamonds.com

About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the U.K., combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto's business is finding, mining and processing mineral resources. Major products are aluminum, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borates, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.

Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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