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Articles from (PAID ONLY) DIAMONDS LOOSE - FANCY COLOR (138 Articles)

Fancy coloured diamonds from Rio Tinto's tender
Fancy coloured diamonds from Rio Tinto's tender
 










Demand strong for coloured diamonds

Rio Tinto’s latest Argyle Pink Diamonds Tender has delivered strong results, including two record-breaking prices, which indicates the demand among investors and jewellers for fancy coloured diamonds is still robust. 

The tender, dubbed the “Red Edition” due to the inclusion of three rare red diamonds – a first for the sale’s 30-year history – comprised a total of 64 pink, red and blue diamonds, ranging in size from 0.20 carats to 3.02 carats.

The “hero” of the collection, a 1.56-carat round gemstone named Argyle Phoenix, in honour of the newly-commissioned Argyle underground mine, achieved the highest per-carat price for a diamond ever produced from the Argyle mine.

All diamonds in the 2013 tender sold “well above pre-tender estimates”
All diamonds in the 2013 tender sold “well above pre-tender estimates”
Furthermore, 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. The price also broke a world record for the highest price paid for a fancy deep pink diamond.

All the stones in the 2013 tender sold “well above pre-tender estimates” and both established and emerging markets were said to be well represented in the winning bids. 

While a spokesperson for Rio Tinto said they were unable to disclose the exact amount paid for each diamond, there were reportedly a record number of bids that reached more than US$1 million (AU$1.04 million) and some bids for a single stone that exceeded US$2 million (AU$2.08 million). 

Every year, the mining company holds a tender that incorporates the “best” stones from a year’s production at its Argyle Diamond Mine in Western Australia. 

The Argyle Diamond Mine produces more than 90 per cent of the world's pink diamonds, which are sold globally in a broad range of colours and sizes.




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Saturday, 26 May, 2018 08:21am
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