RIO Rio Tinto Plc

   By Rhiannon Hoyle 
 

SYDNEY--Rio Tinto PLC (RIO.LN) said an annual tender of diamonds from its Argyle mine, in Western Australia, received the highest average price per carat since the tender began in 1984.

The Anglo-Australian miner didn't disclose the price.

Rio Tinto's 2016 tender included 63 rare pink, red and violet diamonds. It said the most precious stone was a 2.83-carat violet diamond, which was sold to U.S.-based L.J. West Diamonds Inc.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

November 06, 2016 21:12 ET (02:12 GMT)

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