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Ring with Argyle Diamonds Fetches over $1M

May 30, 2022 5:24 AM   By Rapaport News
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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
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