Rio Tinto Reports Highest Average Price Per Carat

Mining Weekly reported that Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) achieved the highest average price per carat from the sale of its most recent collection of red and pink diamonds from the Argyle mine.

As quoted in the market news:

The company’s thirtieth anniversary collection, which consisted of 54 diamonds, achieved a record number of more than 600 bids, from ten countries, the miner said.

‘We are delighted with this result which reflects the global appeal and enduring value for these increasingly rare and iconic gems,’ Rio diamond division MD Jean-Marc Lieberherr said.

While bids and total values remain confidential, it can be revealed that overall prices for Argyle’s signature pink diamonds have more than tripled since 2000, Lieberherr said.

Click here to read the full Mining Weekly report.