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Argyle Pink Tender Results Come In As Leibish Wins 26 Stones
Nov 3, 2015 1:43 AM
By Rapaport News
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RAPAPORT... Fancy-color
diamond seller Leibish & Co. has won 26 out of 65 available lots at Rio
Tinto’s Argyle pink diamond tender this year, it said in a statement November
2.
The Ramat
Gan-based online retailer and wholesaler secured the bids in a strategic
partnership with Hong Kong’s Kunming Trading Co. The annual sale opened in June
and bidding closed on October 21. Viewings were held in Sydney, Hong Kong, New
York and Perth, Rio Tinto said in a statement June 26.
Among its
purchases were a 0.74-carat fancy deep pink radiant and a 0.54-carat fancy
vivid purplish pink heart.
The Argyle mine in Western Australia produces
close to 90 percent of the pink diamonds available in the market, according to
the Leibish statement. Rio Tinto, its owner, said October 16 it had put final
product processing at the mine on
hold in the fourth quarter and reduced its forecast of
annual share of diamond production for the year from 20 million to 18 million
carats.
Leibish won two stones from a tender in 2014, seven
in 2013, 17 in 2012, it added in the statement. It also won four bids in this year’s
“Once in a Blue Moon” tender, a rarely held Rio Tinto sale at which blue
diamonds from the Argyle mine are offered, the statement added.
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Tags:
Argyle, Australia, Leibish & Co., Rapaport News, Rio Tinto, Tenders
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