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Massive Rough Diamond to Star at Israel Show

May 17, 2016 5:00 AM   By Rapaport News
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The Diavik Foxfire, the largest rough diamond ever found in North America, will feature at the third International Rough Diamond Week in Israel next week.

Rio Tinto discovered the 187.7-carat diamond at its Diavik mine in Canada’s Northwest Territories last fall. It is being shown at select diamond centers around the world ahead of an auction next month.

The exhibition is scheduled to be held at the Israel Diamond Exchange (IDE) in Ramat Gan from May 22 to 26. Only a small number of venues have been chosen to showcase the stone before online bidding opens, said Alan Davies, Rio Tinto’s chief executive officer for diamonds and minerals.

“The fact that Rio Tinto is showing this huge diamond in Ramat Gan is testimony to the importance it attributes to Israel as a rough diamond hub,” said IDE president Yoram Dvash, adding that over $5 billion of rough diamonds are traded in the country each year.

International Rough Diamond Week will also showcase a 32.33-carat vivid pink diamond, an 18.35-carat intense pink gem and a 245.42-carat D-color stone, the Israel Diamond Institute said. It will host tenders and auctions by Rio Tinto, De Beers, ALROSA and Tzoffeys 1818.
Tags: ALROSA and Tzoffeys 1818, Canada, De Beers, Diavik Foxfire, Diavik mine, IDE, International Rough Diamond Week, Israel, Israel Diamond Exchange, Ramat Gan, Rapaport News, Rio Tinto, Rough Diamonds
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