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Press Release: Rio Tinto’s iconic annual Argyle pink diamonds tender, this year featuring 54 extremely rare red and pink diamonds, has been launched in New York today, home to the world’s largest market for exceptional fancy colored diamonds. Headlining the 2014 collection is a suite of four fancy red diamonds, including a spectacular 1.21-carat radiant-cut fancy red diamond, the Argyle Cardinal™, named after the small red North American bird. Only nine fancy red diamonds have been included in the tender since the inaugural event in 1984. Other diamonds showcased in the collection -- and in keeping with the theme of rare and beautiful birds from around the world -- include the Argyle Rosette™, a 2.17-carat, fancy intense purple-pink emerald-cut diamond and the Argyle Toki™, a 1.59-carat, fancy intense purplish-pink emerald-cut diamond. This is the 30th year of the Argyle pink diamonds tender, an industry event that has grown in stature to become one of the most anticipated diamond sales in the world. Less than 1 percent of the world’s 140 million carats of diamonds are pink and more than 90 percent of them are from Rio Tinto’s Argyle diamond mine in Australia. The best of the annual production is selected for tender with private viewings taking place at three exclusive locations around the world. A small number of invited clients lodge sealed bids for individual or multiple diamonds. Rio Tinto diamonds and minerals CEO, Alan Davies, said, “Over the past 30 years the U.S. has played an important role in the development of the market for Argyle’s unique diamonds and we are delighted to be back in New York with this year’s tender collection. Global interest is intense as our rare pink and red diamonds command the attention of the world’s diamond connoisseurs, collectors and investors.” After the tender viewings in New York, the only opportunity for an exclusive viewing of the collection will be in Hong Kong before bids close on October 8, 2014.
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