News

Advanced Search

Rio Tinto to Sell Final Argyle Specials

Oct 21, 2020 7:29 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Rio Tinto will launch a tender of large rough diamonds, including the last of its special stones from the Argyle deposit in Australia.

The miner will feature 28,399 carats of special-sized rough — weighing more than 10.8 carats — from Argyle at the sale, which will take place in October and November, Rio Tinto said Tuesday. Colored diamonds from the site, which is due to close at the end of the year, as well as a 26-carat, gem-quality rough, will also be available.

“The Argyle rough diamonds presented at this tender are a final rare and collectible offering from one of the world’s greatest diamond mines,” noted Andrew Wilson, general manager of Argyle.

Rio Tinto will also offer large diamonds from its Diavik mine in Canada, including the Diavik Helios, which will headline the sale. The 74.48-carat, fancy-yellow diamond was named for the pure yellow sunlight emitted by the mythical Greek sun god.

“The Diavik Helios is an exceptional diamond in terms of its color saturation and clarity, and will be in strong demand from colored-diamond specialists around the world,” said Patrick Coppens, general manager of sales and marketing for Rio Tinto’s diamond business.

The company will showcase the diamonds physically in Antwerp and Tel Aviv, Israel, prior to the sale. It will also hold virtual and online viewings due to Covid-19 travel restrictions, it said. 

Image: The 74.48-carat Diavik Helios (top); the 26-carat Argyle diamond (inset). (Rio Tinto)
Tags: Andrew Wilson, Argyle, Argyle mine, COVID-19, Diavik, Diavik Helios, Diavik mine, Patrick Coppens, Rapaport News, Rio Tinto
Similar Articles
Williamson processing plant mine PetraPetra Launches Probe into Violence Claims
Nov 12, 2020
Petra Diamonds is investigating allegations that security guards at its Williamson deposit in Tanzania carried out deadly
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.