Rio Tinto to Sell Diavik Diamonds in Israel For First Time

After negotiations between Israel Diamond Exchange (IDE) President Yair Sahar and Rio Tinto officials, the miner will hold a tender of diamonds from Canada at a special booth to be constructed in the IDE Trading Hall at the August 26-29 US & International Diamond Week.

The tender will include diamonds from the Diavik mine in Canada’s NorthWest Territories worth tens of millions of dollars in many sizes but with a special emphasis on bigger stones.

Permits to take part in the tender are being offered exclusively by Rio Tinto, says the IDE.