Historic Sales Of Pink And Blue Argyle Diamonds

An insightful review.

Useful link:

https://www.gia.edu/gems-gemology/winter-2021-gemnews-historic-sales-pink-and-blue-diamonds-argyle-mine

World’s Pink Diamonds Is Drying Up. Here’s Why.

It's finite, like a famous artist passing away, where no new art will ever come onto the market.

Useful links:
https://argylepinkdiamonds.com.au
https://robbreport.com/style/jewelry/argyle-pink-diamonds-australia-2874894

The Last Ever Argyle Pink Diamonds Come To London

The pink diamonds will be gone forever.

Useful links:
https://argylepinkdiamonds.com.au
https://www.bbc.com/news/av/uk-england-london-49832210/the-last-ever-argyle-pink-diamonds-come-to-london

There’s Potential For Diamond Mining In Australia, Despite Imminent Argyle Mine Closure

Australia is still a known unknown continent. The Australian diamond industry will be revived one way or the other.

Useful link:
https://www.mining-technology.com/comment/outlook-for-diamond-mining-in-australia

The Argyle Pink Everlastings Collection

Rio Tinto has launched a collection of rare pink diamonds from its Argyle mine, which has been specially curated to showcase the full color palette of the deposit’s stones.

The Argyle Pink Everlastings collection contains 64 lots and has a total weight of 211.21 carats, with each individual stone weighing 0.14 carats or below, Rio Tinto said Monday. The miner will provide a certificate of authenticity for each lot purchased, it noted. Rio Tinto will only produce approximately 100 more carats of similar diamonds before the Western Australia mine closes in 2020, it explained, in an effort to emphasize the rarity of the stones. 

“The accumulation of these diamonds from a certifiable source in various shapes, sizes and colors is the result of a painstaking endeavor, unlikely to be ever repeated,” said Alan Chirgwin, vice president of sales and marketing at Rio Tinto.

The miner will auction the collection alongside the stones it offers in its annual Argyle Pink Diamonds Tender, which will be held in Singapore, London, New York and Perth, Australia, with bids closing on October 9, 2019.

Many thanks to Rapaport.

The Last Annual Argyle Pink Diamonds Tender

Rio Tinto has launched what’s likely to be one of its last annual pink-diamond tenders, as the company gears up to close its flagship Argyle mine. 

The Argyle Pink Diamonds Tender, which has run since 1984, comprises rare polished colored diamonds originating from the mine in Australia. This year’s edition, which Rio Tinto unveiled Friday at the mine site, features 64 stones weighing a combined 56.28 carats, including three fancy-red diamonds. 

The deposit is due to shut next year, having operated since 1983. It’s the world’s largest diamond mine by volume, producing 14.1 million carats in 2018. Most of its output is lower-quality white diamonds, but it’s more famous for its pink, red and purple goods. More than 90% of the world’s rare pink diamonds are from the mine, according to Rio Tinto. 

“Rio Tinto’s Argyle mine is the first and only ongoing source of rare pink diamonds in history,” Arnaud Soirat, Rio Tinto’s CEO for copper and diamonds, said in a statement Friday. “With the life cycle of this extraordinary mine approaching its end, we have seen, and continue to see, unstoppable demand for these truly limited-edition diamonds, and strong value appreciation.” 

The closure is likely to have a “dramatic” effect on the availability of pink diamonds, Soirat noted in an interview with Bloomberg on Friday. “You can imagine the laws of supply and demand will apply, and you can imagine the impact that will have on those very rare pink, red, blue and purple diamonds,” the news service quoted Soirat as saying. 

The top items at this year’s sale include a modified radiant, 1.75-carat, fancy-red diamond, named the Enigma, and a heart-shaped, 1.48-carat, fancy-vivid-purplish-pink diamond called Amari. The company has named the 2019 collection “The Quest for the Absolute.” It will showcase the diamonds in Hong Kong, New York and Perth, Australia, with bids closing on October 9. 

The top six lots — the “hero diamonds” — are as follows: 

Lot 1: The Argyle Enigma, a modified radiant, 1.75-carat, fancy-red diamond.

Lot 2: The Argyle Amari, a heart-shaped, 1.48-carat fancy-vivid-purplish-pink diamond.

Lot 3: The Argyle Elysian, a modified cushion-shaped, 1.20-carat, fancy-vivid-pink diamond.

Lot 4: The Argyle Verity, an oval-shaped, 1.37-carat, fancy-vivid-purplish-pink diamond.

Lot 5: The Argyle Opus, a round-shaped, 2.01-carat, fancy-intense-pink diamond.
 
Lot 6: The Argyle Avenoir, an oval-shaped, 1.07-carat, fancy-red diamond.

Many thanks to Rapaport.

Argyle Yields Largest White Diamond

Rio Tinto’s Argyle mine has yielded the largest gem-quality white diamond in its 35-year history. The 28.84-carat stone, named Argyle Octavia for its octahedral shape, was discovered at the Australia-located mine last month. This discovery is a testament to the extraordinary Argyle orebody that continues to deliver these miracles of nature, even as it nears the end of mine life. The Argyle mine is set to close in 2020. The company will sell the diamond at a tender in Antwerp later this year. 

Australia's Biggest Diamond Mine Is Running Out Of Diamonds

Diamond mines are not forever.

Useful link:
https://www.businessinsider.com.au/australias-biggest-diamond-mine-is-running-out-of-diamonds-these-are-the-key-players-in-the-race-to-replace-argyle-2018-3