It has been reported that the 23rd annual Rio Tinto Diamonds Argyle Pink Diamond Tender will be held in New York from Oct. 1 – 12, 2007, followed by two other sales in Perth (recently completed) and in Hong Kong (Sept. 18 – 28, 2007). The event will feature 65 of the world's rarest pink diamonds from the Argyle mine in Australia--the reliable source of pink diamonds. The colors range from vivid purplish reds, deep pinks, and grey violets of different intensity.
The rarity factor does play a role in Argyle Signature Stone's popularity. From its annual production (30 million +/- carats of rough) only about 8000-10000 carats of polished pink diamonds are produced. The experts select the best (65 carats) that are suitable for the Pink Diamond Tender. It is believed that the mine will run out by 2018. Here lies the investment option + rarity factor. The attendance is restricted to approximately 100 or so key clients from around the world who will have the opportunity to view diamonds in secret locations in Hong Kong, New York or Perth. There will be high security + the exact locations will be revealed to bidders only in the last minute. It will be very difficult to know the exact values of the pink diamonds due to confidentiality + other factors. But it's intriguing and this adds extra luster to Pink Diamond Tender.
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