Friday, May 17, 2013

Rio Tinto's Extremely Rare Red Diamonds (RIO)

From News Corp. Australia:

Rio Tinto's rare red diamonds on display 
Diamonds don't just come in all shapes and sizes: they come in a rainbow of colours, from cherry blossom pinks and the deepest ruby reds to deep ocean blues and icy whites. 
Rio Tinto had 64 of them on show from its Argyle Diamond Mine as part of its annual tender process.
For the first time in the mine's 30-year history, the tender includes three extremely rare red diamonds.
The 2013 collection also includes 58 pink and three blue diamonds

"Since mining began in 1983 only six diamonds certified as Fancy Red by the Gemmological Institute of America have been presented for sale at the annual tender,'' Argyle Pink Diamonds manager Josephine Johnson said.

"To have three of these red diamonds on one tender is a very special moment in time.''

Ms Johnson said that in 2008 the mine sold a red diamond for more than $1 million a carat....MORE
More details at DiamondWorld.