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Rio Tinto Unveils Two Billion-Year Old, 187.7-Carat Diamond in London

Dec 2, 2015 12:10 PM   By Rapaport News
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RAPAPORT... Rio Tinto unveiled a two billion year-old diamond that is one of the largest to be ever discovered in Canada.

The 187.7-carat rough stone was found at the company’s Diavik Diamond Mine in the Northwest Territories of Canada, according to a Rio Tinto statement December 2.



The diamond, named The Diavik Foxfire, was showcased at London’s Kensington Palace and will be sent to Antwerp for assessment and “planning for the next stage of its journey.” It has been given an indigenous name, ‘Noi?eh Kwe,’ which references the gem’s strong ties to the land and its legacy.

“We are delighted to showcase this exceptional, two billion-year-old Canadian diamond,” Rio Tinto Diamonds managing director Jean-Marc Lieberherr said. “Its ancient beginnings, together with the fortitude, finesse and innovative technology required to unearth a diamond in the challenging sub-Arctic environment, make it a true miracle of nature.”

Lieberherr told Bloomberg Television December 2 that "we estimate it will be cut into a really nice clarity 50-carater."
Tags: mining, Rapaport News, Rio Tinto
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