RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Rio Tinto to Sell Largest Argyle Vivid Pink

3.14-carat Alpha is star of 2018 colored-diamond tender.
Jul 12, 2018 5:12 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Rio Tinto will offer a 3.14-carat, vivid pink diamond at its 2018 tender, the largest stone of its color in the history of the annual sales event. 

The emerald-cut Argyle Alpha (pictured, third from left) is one of 63 rare pink, red and violet diamonds — weighing a combined 51.48 carats — featuring in this year’s Argyle Pink Diamonds Tender. It is part of a collection of six “hero” diamonds the miner will offer at the sale.

“Rio Tinto’s Argyle mine is the world’s only source of these highly coveted pink, red and violet diamonds, and we expect considerable interest in this year’s collection,” Rio Tinto CEO Jean-Sébastien Jacques said Thursday. “The combination of strong demand and extremely limited world supply continues to support significant value appreciation for Argyle pink diamonds.”

This year’s tender, which the company has called Magnificent Argyle, also includes the Argyle Muse, an oval-cut, 2.28-carat stone, which is the largest purplish-red diamond ever offered at the tender, and came from a 7.39-carat rough. A second diamond, cut from the same stone, will also be up for sale.

The other hero diamonds include the square-radiant-shaped, 1.29-carat, fancy vivid purplish-pink Argyle Maestro; the princess-shaped, 1.57-carat, fancy dark grey-violet Argyle Alchemy; the Argyle Odyssey, a round brilliant, fancy intense pink stone weighing 2.08 carats; and the radiant-shaped Argyle Mira, a 1.12-carat fancy red.

Rio Tinto will unveil the gems at a world exclusive preview in Sydney, and will also showcase them in Hong Kong and New York. Bidding for the diamonds closes on October 10.

The company held its first Argyle Pink Diamond Tender in 1984.
Tags: Argyle, Argyle Alchemy, Argyle Alpha, Argyle Maestro, Argyle Mira, Argyle Muse, Argyle Odyssey, Argyle Pink Diamonds Tender, Jean-Sébastien Jacques, Magnificent Argyle, Pink Diamond, Rapaport News, Rio Tinto
Similar Articles
AlrosaWeak Market Dents Alrosa Sales
Jan 26, 2020
Rough-diamond sales at Alrosa fell 26% in 2019 as an oversupply in the midstream...
Gem Legacy Adds New Advisory Board Member
New Production Strategy Pays Off for BlueRock
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us