Rio Tinto Unveils Argyle Red Diamond Coin
July 12, 16
(IDEX Online News) – Rio Tinto has unveiled the world’s first coin to feature a rare red diamond from its Argyle Diamond mine.
The coin, known as “The Kimberley Treasure,” unveiled by Western Australia Premier Colin Barnett MLA, and for sale at AUD$1 million ($762,000), has been issued as legal tender. It was created from 1 kilogram of 99.99 percent fine gold, and features a radiant cut 0.54-carat red diamond unearthed from the company’s Argyle Diamond Mine in the east Kimberley region of Western Australia.
“We are delighted to collaborate with The Perth Mint on the exclusive release of this distinctive investment piece,” said Rio Tinto’s diamonds business managing director Simon Trott. “It is a beautiful symbol of the unique treasures of Western Australia and sets a new benchmark in limited edition craftsmanship.”