Saturday, 19 October 2013

Argyle Pink Diamonds Tender sets records

Rio Tinto’s 2013 Argyle Pink Diamonds Tender has delivered a strong set of results, including records for the most valuable diamonds ever sold from the Argyle diamond mine, the firm reports.

Known as the ‘Red Edition’ with the inclusion of three fancy red diamonds, the 2013 Argyle Pink Diamonds Tender collection featured 64 pink, red and blue diamonds, ranging in size from 0.20 carats to 3.02 carats.
Two significant records were broken, with the Argyle Phoenix™, a 1.56-carat fancy red diamond, achieving the highest per carat price for a diamond ever produced from the Argyle mine.

And the Argyle Dauphine™, a 2.51-carat fancy deep pink diamond, broke the record for the highest price paid for an Argyle diamond in overall value terms, and also achieved a world record price for a fancy deep pink diamond.

(IDEX Online News) – The world’s most exclusive diamond sale, the Argyle Pink Diamonds Tender, is being previewed in Tokyo for the first time in five years. Included in the Tokyo preview are three fancy red diamonds. They include a 1.56-carat round gem, the Argyle Phoenix named in honor of the newly commissioned Argyle underground mine.
The 2013 tender collection is also notable for its unique combination of colors and sizes, Rio Tinto said. For the first time in eight years there is a diamond greater than three carats – the 3.02-carat radiant, fancy intense orangy pink diamond, named the Argyle Imperial.

There is also a 0.71-carat blue heart-shaped diamond, the Argyle Celestial, which is expected to be sold with a matching heart-shaped fancy pink diamond from the collection. Japan remains the largest consumer market for pink diamonds, with the lighter “cherry blossom” shades of pink in strong demand from Japanese jewelry designers, Rio Tinto said. It is also a market for heart shaped diamonds, and the matching pink and blue heart shaped diamonds in the 2013 Tender collection are likely to be strongly contested.
The tender comprises 64 diamonds, including 58 pink diamonds, three fancy red diamonds and three blue diamonds. All 64 diamonds in this year's collection were cut and polished in Western Australia by Rio Tinto's master craftsmen. Bids for the diamonds close on October 2.