Advanced Search

Record Red Diamond Leads Argyle Tender

Jul 27, 2017 7:34 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Rio Tinto unveiled the largest red diamond in the history of its Argyle tender at a preview in New York, the company said Thursday.

The radiant-cut, 2.11-carat, fancy-red, VS2-clarity polished diamond is the centerpiece of this year’s sale. Dubbed the Argyle Everglow, it belongs to a rare category: Rio Tinto has sold less than 20 carats of fancy-red certified diamonds in 33 years of the annual tender.

“The Argyle Everglow represents rarity within rarity, and will drive global demand from collectors and connoisseurs in search of the incomparable,” said Josephine Johnson, manager of Argyle Pink Diamonds.

Rio Tinto’s Argyle Pink Diamonds Tender showcases polished colored stones from its iconic mine in Western Australia. The company has named this year’s edition “Custodians of Rare Beauty,” with the tender featuring 58 diamonds weighing a combined 49.39 carats. These include four fancy-red diamonds, four purplish-red diamonds, two violet stones and one blue diamond.

Rio Tinto has identified five “hero” diamonds within the collection that possess unique beauty, it said. In addition to the Everglow, these include a radiant, 1.14-carat, fancy-red diamond; a cushion-shaped, 2.42-carat, fancy purple-pink diamond; an oval, 1.50-carat, fancy deep-pink diamond; and a radiant, 0.91-carat, fancy deep gray-violet stone.

The diamonds from this year’s tender will be on display in New York, Hong Kong and Perth, Australia, with bids closing on October 11. Last year’s tender — led by a rare violet diamond — fetched a record average selling price.
Tags: Argyle, Argyle Everglow, Argyle Pink Diamonds, Argyle Pink Diamonds Tender, Argyle tender, Australia, Custodians of Rare Beauty, Everglow, Hong Kong, Josephine Johnson, new york, Perth, Rapaport News, Rio Tinto
Similar Articles
Rapaport Weekly Market Comment
Mar 22, 2018
Market quiet after positive first quarter. Indian manufacturers facing liquidity squeeze as banks tighten credit
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.