Argyle Pink tender attains another record!
Argyle
pink diamonds value
appreciated
over 400% in 18 years span!
Rio
Tinto’s Argyle Pink Diamonds Tender delivers record results for pink, red and
violet diamonds!
Rio
Tinto’s 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and
violet diamonds from its Argyle mine in Australia has delivered another record
result reflecting strong global demand for fancy coloured diamonds. These
results are also a reflection of Argyle approaching the end of its mine life,
with the supply of these extremely rare diamonds becoming even scarcer.
The
2018 collection of the finest pink, red and violet diamonds from the iconic
Western Australian mine continued its trajectory of double digit price growth.
Sold to an undisclosed buyer, Lot Number 1, the Argyle Muse, a 2.28 carat Fancy
Purplish Red diamond is the most valuable diamond in the Tender’s 34 year
history.
Amongst
the record breaking diamonds sold in the 2018 collection was Lot 2, the Argyle
Alpha, the largest and most valuable Vivid Pink diamond in the history of the
Argyle Pink Diamonds Tender. The Argyle Alpha was won by Singapore based Argyle
Pink Diamonds partner Glajz THG.
Managing
director John Glajz said “I am honoured to be custodian of this record breaking
gem, a diamond that embodies the rarity, beauty and provenance of Argyle pink
diamonds.” Over the past 18 years the value of Argyle pink diamonds sold at
Tender have appreciated over 400 per cent, outperforming all major equity
markets.
Rio
Tinto Copper & Diamonds chief executive Arnaud Soirat said “The 2018 Argyle
Pink Diamonds Tender was highly sought after with record results that
underscore the value of these gems in the history of rare coloured diamonds.”
Matthew
Aldridge, chief executive of Gemcut Geneva, a successful bidder on a number of
diamonds in the 2018 Tender including Lot 5, the Argyle Odyssey, a 2.08 carat
Fancy Intense Pink diamond said “I have been bidding at the Argyle Pink
Diamonds Tender since 1987 and continue to be amazed by the magnificent potency
of colour of these unique diamonds from this extraordinary mine.
As
an avid collector of the world’s finest fancy coloured diamonds I was
especially delighted to win the Argyle Odyssey, a match for another diamond
that was sold in the Tender over fifteen years ago.”
Almost
the entire world supply of rare pink, red and violet diamonds come from Rio
Tinto’s Argyle diamond mine in the remote east Kimberley region of Western
Australia. Current estimates indicate sufficient economic reserves at the mine
to support production through to the end of 2020.
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