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The 2019 Argyle Pink Diamonds Tender collection Tender is being showcased with bids closing on 9 October 2019 Rio Tinto has unveiled its annual showcase of the world’s rarest pink and red diamonds in an exclusive preview at the Argyle mine site in the east Kimberley region of Western Australia. The 64-diamond collection, including three Fancy Red diamonds and weighing 56.28 carats in total, make up the 2019 Argyle Pink Diamonds Tender. Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said “I am delighted to be at the Argyle mine for this exclusive world preview. These diamonds, each a natural treasure, are a testament to the enormous range and depth of offering from the Argyle ore body, nearly four decades from when production commenced. Rio Tinto’s Argyle mine is the first and only ongoing source of rare pink diamonds in history. With the lifecycle of this extraordinary mine approaching its end, we have seen, and continue to see, unstoppable dem...

Argyle pink diamonds value appreciated over 400% in 18 years span! Rio Tinto’s Argyle Pink Diamonds Tender delivers record results for pink, red and violet diamonds!   Rio Tinto’s 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine in Australia has delivered another record result reflecting strong global demand for fancy coloured diamonds. These results are also a reflection of Argyle approaching the end of its mine life, with the supply of these extremely rare diamonds becoming even scarcer. The 2018 collection of the finest pink, red and violet diamonds from the iconic Western Australian mine continued its trajectory of double digit price growth. Sold to an undisclosed buyer, Lot Number 1, the Argyle Muse, a 2.28 carat Fancy Purplish Red diamond is the most valuable diamond in the Tender’s 34 year history. Amongst the record breaking diamonds sold in the 2018 collection was Lot 2, the Argyle Alpha, the ...

Rio Tinto lowers diamond production In the just released third quarter Q3 production results Rio Tinto does not included diamond in its Key Points, and does not highlighted diamond production at a glance!   Rio Tinto chief executive J-S Jacques said “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the Group’s copper assets. We made strong strategic progress with the full exit from coal, the announcement of the additional $3.2 billion of share buy-backs, and the signing of a binding conditional agreement to exit Grasberg for $3.5 billion. We continue to pursue all opportunities to improve productivity and drive enhanced cash flow generation. This, combined with the disciplined allocation of capital, will ensure we continue to deliver superior returns to our shareholders in the short, medium and long-term.” De facto at Argyle, carat production was 19 per cent lower than the third quarter of 2017, whe...