Murowa diamond mine plant

Published: 07 November 2013

A diamond mine at Murowa diamond mine in Zvishavane, has been named the "most valuable diamond" by Rio Tinto during a "Specials" tender showcasing the finest, large rough diamonds from the company's three operating diamond mines.

In a statement, Rio Tinto, which holds a 78 percent stake in Murowa, said more than 100 diamond specialists from around the world were invited to bid on the Rio Tinto Diamonds Specials Tender.

Participants placed their bids via Rio Tinto Diamonds online bidding platform. Thirty-four companies were successful with strong representation from Israel.

"Diamonds greater than 10,8 carats in qualities that qualify as "special" and Rio Tinto's rough diamonds, mined in Australia, Canada and Zimbabwe, all contributed to this collection, which was offered for tender in Antwerp and Israel from October 3 to 24," announced Rio Tinto in a statement on Wednesday.

"This collection was comprised of 104 parcels of diamonds and was notable for the large fancy cognac diamonds from the Argyle mine in Western Australia.

"The most valuable diamond was a 74 carat diamond from the Murowa mine in Zimbabwe."

Rio Tinto Diamonds general manager (sales) Mr Patrick Coppens said: "This specials tender showcases the unique portfolio of Rio Tinto's diamonds mines and the results reflect the strong demand and resilience for diamonds at this end of the market."
- herald

You might also want to read this

• Crippling power cuts afflict RioZim
• RioZim, Zesa to ink power deal
• RioZim makes appointments
• RioZim records net loss of US$2,3m
• Murowa starts diamond exploration in Chivi
• Patriotism can save Zimbabwe economy
• RioZim sues RBZ over US$ payments
• RioZim H1 gold output rises
• RioZim loses court case
• RioZim bemoans 'punitive' royalties