News

Advanced Search

Ring with Argyle Diamonds Fetches over $1M

May 30, 2022 5:24 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... An emerald ring set with pink diamonds from Rio Tinto’s Argyle mine has raked in $1.1 million at auction.

The piece, named Majestique, was part of a collaboration between Muzo and Argyle Pink Diamonds, Rio Tinto’s brand for the fancy-colored stones from its Australian mine. It was the star of Muzo’s May auction in Hong Kong, the emerald miner and jeweler said last week.

Set with a cushion-cut, 9.20-carat Colombian emerald center stone surrounded by round pink and blue diamonds and shield-shaped and round white diamonds, the ring realized $125,000 per carat. The piece carried an estimate of $930,000 to $1.3 million.

Also on offer at the sale was a matching Majestique pendant necklace that featured a pear-shaped, 4.72-carat Colombian emerald with variously cut pink Argyle diamonds and round white diamonds. The jewel sold for $213,000, exceeding its $190,000 upper price tag.

Image: The Majestique emerald and pink diamond ring. (Muzo)
Tags: Argyle mine, Argyle Pink Diamonds, diamonds, Hong Kong, Majestique, Muzo, Rapaport News, Rio Tinto
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 11, 2022
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory
RJC Satta Matturi 140Jeweler Satta Matturi Joins RJC Board
Aug 04, 2022
The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.Matturi,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.