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Japan’s First Lady Visits Rio Tinto’s Rare Pink Diamonds
Jul 15, 2014 3:05 AM
By Rio Tinto Diamonds
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Press Release: Rio Tinto’s iconic Argyle pink diamonds were part of the inaugural visit to Western Australia by Japan’s First Lady, Akie Abe, at the invitation of the Western Australian Government.
The 2014 Argyle Pink Diamonds Tender collection, comprised of around 50 of the rarest and most valuable pink diamonds in the world, were showcased in an exclusive preview for Abe. The diamonds are the finest of a year’s production from Rio Tinto’s Argyle mine in the East Kimberley region of Western Australia. Abe was the first to view a hero of the collection, a 1.59-carat emerald-cut fancy intense purplish pink stone, the Argyle Toki™. The name, depicting the delicate pink underwings of a rare Japanese bird, symbolizes the importance of Japan as the premier export market for rare pink diamonds.
Rio Tinto Diamonds' managing director, Jean-Marc Lieberherr, said, “We were delighted to welcome Mrs. Abe and show her at first hand these beautiful gems, the pinnacle of Australia’s mineral wealth and symbolic of our enduring relationship with Japan.”
The Japanese market has been critical to the development of Rio Tinto’s rare pink diamond business over the past 30 years. The pink diamond jewelry phenomenon started in Japan in the late 1980s when Japanese designers boldly embraced Argyle’s pink diamonds and incorporated them in beautiful and innovative designs. Today, Rio Tinto sells around 30 percent of its Argyle pink diamonds into Japan where there is an unerring appetite for the smallest, palest pink diamonds, through to the rarest reds.
Rio Tinto’s Argyle mine produces virtually the entire world’s supply of rare pink diamonds. The 2014 Argyle Pink Diamonds Tender collection will be officially launched in August and will tour the world until October. Around 150 collectors, connoisseurs and luxury jewelers are invited to place sealed bids on the diamonds. Prices for these diamonds can exceed $1 million per carat, hence their stature as “the most concentrated form of wealth on earth.” This year’s collection will celebrate the 30th anniversary of the Argyle Pink Diamonds Tender.
About Argyle Pink Diamonds
Pink diamonds, produced at Rio Tinto’s Argyle Mine in Western Australia, are highly coveted as the world's most sought after gems. The Argyle Diamond Mine produces more than 90 percent of the world's pink diamonds, which are sold in a broad range of colors and sizes to an international customer base. The market for pink diamonds is quite separate to white diamonds, and due to their rarity, pink diamonds typically command prices far in excess of white diamonds.
The best diamonds are reserved for the annual Argyle Pink Diamonds Tender. Rio Tinto's Argyle Pink Diamonds business is located in Perth, Western Australia, alongside its cutting and polishing factory. Website: www.argylepinkdiamonds.com.au
About Rio Tinto Diamonds
Rio Tinto is one of the world's major diamond producers through its 100 percent control of the Argyle mine in Australia, 60 percent of the Diavik mine in Canada, a 78 percent interest in the Murowa mine in Zimbabwe. These three mines allow Rio Tinto to produce diamonds for all market segments. Rio Tinto also has an advanced diamond project in India. Rio Tinto's share of the production from its three operating mines is sold through its diamonds sales and marketing office in Antwerp, Belgium with representative offices in Mumbai, Hong Kong and New York. Rio Tinto Diamonds is a leading supporter of the Kimberley Process as well as a founding member of Responsible Jewellery Council.
Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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Rio Tinto Diamonds
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