Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

Diavik 'Stars Of The Arctic' Provide Rough Diamond Tender Sparkle

October 02, 18 by Staff Reporter

(IDEX Online) – Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine that will be tendered to diamond specialists from around the world.

 

Collectively known as The Diavik Stars of the Arctic, the three rough diamonds showcase a rare combination of size, quality and color from the Diavik diamond mine in the remote Northwest Territories of Canada, 220 kilometres south of the Arctic Circle, the miner said in a statement.

 

The Diavik Stars of the Arctic will headline Rio Tinto’s forthcoming “Specials” Tender, which showcases rough diamonds greater than 10.8 carats. Taking their inspiration from constellations across the night skies of the North, The Diavik Stars of the Arctic comprise:

 

  • Lot 1:Vega of the Arctic™, 177.71 carats, one of the largest and most valuable gem quality rough diamonds ever produced in Canada
  • Lot 2: Altair of the Arctic™, 59.10 carats, a white gem quality rough diamond
  • Lot 3: Capella of the Actic ™, 24.82 carats, a yellow diamond (pictured above)

 

Diavik Diamond Mines president and chief operating officer Patrick Boitumelo said, “Diavik diamonds are over two billion years old and it has taken 15 years of production to unearth these extraordinary diamonds, underscoring the ongoing importance of the Diavik orebody in the context of the global diamond industry.”

 

The Diavik Diamond Mine owned by Rio Tinto (60 per cent) and joint venture partner Dominion Diamond Mines (40%) began production in 2003 and has been a fully underground mining operation since 2012. It recently opened its fourth pipe, the A21 pipe, which will provide an important source of incremental production.

 

The Diavik mine produces predominantly gem quality diamonds destined for high end jewelry in all major consumer markets around the world. The discovery of Lot 3, Capella of the Arctic, a large yellow diamond is very rare, with the mine on average producing only five of these diamonds each year, in effect less than 0.001% of annual production.

 

The Diavik Stars of the Arctic will be showcased in Antwerp and Israel to large diamond specialists from around the world before bids close on October 25.

Diamond Index
Related Articles

Rio Tinto’s Australian Diamonds Launches New Jewelry Campaign In India

July 03, 18 by By Staff Reporter

Read More...

Rio Tinto Opens New Diamond Pipe At Diavik Mine

August 21, 18 by Staff Reporter

Read More...

Rio Tinto Showcasing 2018 Pink Diamonds Tender in Hong Kong

September 13, 18 by Staff Reporter

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter