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Graff Among Buyers at Record Pink Diamond Sale
Nov 9, 2017 8:34 AM
By Rapaport News
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RAPAPORT... Rio Tinto reported “double-digit” price growth at this
year’s Argyle Pink Diamonds Tender, with Graff Diamonds among the companies putting
in winning bids.
Collectors and jewelers from 11 countries bought the 58
pink, red and violet diamonds originating from the mine in Australia, Rio Tinto
said Thursday. These included the radiant-cut, 2.11-carat, fancy red Argyle
Everglow (pictured, below right), which sold to New York-based Optimum Diamonds for the highest price
in the annual tender’s 33-year history.
Rio Tinto did not disclose the exact sum, as it does not
share financial details of its annual tenders.
Optimum also won the radiant-cut, 0.91-carat, fancy deep
grey-violet Argyle Liberté. Meanwhile, Graff snatched up the cushion-shaped,
2.42-carat, fancy purple-pink Argyle Avaline (above) — the largest pink in this
year’s collection. Israel-based Leibish & Co. won three stones, a
spokesperson for the company said.
“We will take great care to respect the delicate beauty
of Argyle Avaline as we craft a setting for this exquisite and exceptionally
rare diamond,” said Laurence Graff, founder and chairman of Graff Diamonds.
The tender achieved a “record result,” reflecting strong
global demand for Argyle’s rare colored diamonds, Rio Tinto said.
“The market fundamentals for pink diamonds — strong
demand for a product that is both limited and finite — continue to support
their significant value appreciation,” said Alan Chirgwin, the miner’s vice
president of sales and marketing for copper and diamonds.
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Tags:
Alan Chirgwin, Argyle, Argyle Avaline, Argyle Liberté, Argyle mine, Argyle Pink Diamonds Tender, Graff, Graff Diamonds, Laurence Graff, Leibish & Co., Optimum Diamonds, Rapaport News, Rio Tinto
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