GJ Town India

Rio Tinto’s announces the tender results!   Rio Tinto’s 2020 Argyle Pink Diamonds Tender collection of 62 rare pink, red, blue and violet diamonds from its Argyle mine in Australia has delivered a record result, reflecting their extraordinary rarity and unique provenance. The 2020 collection continued its trajectory of double digit price growth and a record number of participants with successful bidders from eight countries.  Whilst bids and values remain confidential, Lot Number 1, the 2.24 carat Argyle Eternity the most valuable diamond in the collection and the most valuable Fancy Vivid diamond in the Tender’s 37 year history, was sold to Hong Kong fancy coloured diamond specialist, Kunming Diamonds. Kunming Diamonds was also the successful bidder of other lots in the Tender. Harsh Maheshwari, Director of Kunming Diamonds said “It is an extraordinary opportunity and a privilege to be part of the history making Argyle diamond mine. We are humbled to be the custodians of th...

Demand up & no Argyle supply The Argyle mine’s closure, will undoubtedly affect the balance of  the supply and demand of colored diamonds and ultimately their market value   Recently Natural Diamond Council (NDC) highlighted the subject of Argyle closures! Talk about a rock-solid investment: the value of an Argyle pink diamond has appreciated by 500 percent over the past 20 years, outperforming all major equity markets. And the stones have just become even more valuable: earlier this month, the Argyle Diamond Mine in Western Australia, the source of 90% of the world’s pink diamonds, was depleted and closed.   It’s important to note that pink diamonds aren’t just coveted just for their beauty, but also for their rareness. While it’s believed that the pink color is a result of a twist within the stones’ original atomic lattices during formation over a billion years ago, geologists still face many mysteries regarding their production phenomena. Whatever the cause,...

  Bids close on December 2, 2020   Rio Tinto’s annual Argyle Pink Diamonds Tender, the most exclusive diamond sale in the world, has taken its inspiration for its 2020 showcase from the Japanese philosophy of Ichigo Ichie, celebrating the unrepeatable nature of a moment in time.   Rio Tinto’s Argyle mine in the remote East Kimberley region of Western Australia produces virtually the entire world’s supply of rare pink diamonds and will cease production at the end of 2020.   Patrick Coppens, General Manager, Sales and marketing for Rio Tinto’s diamonds business said “Operating since 1983, the Argyle pink diamond jewellery phenomenon started in Japan in the late 1980s when Japanese designers boldly embraced Argyle’s pink diamonds and incorporated them in beautiful and innovative designs. In Japan today the Argyle pink hues are synonymous with romance and love and there is an unerring appetite for the smallest, palest pink diamonds, through to the rarest red diamon...