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Rio Tinto to Sell Largest Argyle Vivid Pink
Jul 12, 2018 5:12 AM
By Rapaport News
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RAPAPORT... Rio Tinto will offer a 3.14-carat, vivid pink diamond at its
2018 tender, the largest stone of its color in the history of the annual sales
event.
The emerald-cut Argyle Alpha (pictured, third from left) is one of 63 rare pink, red and violet
diamonds —
weighing a combined 51.48 carats — featuring in this year’s Argyle
Pink Diamonds Tender. It is part of a collection of six “hero” diamonds the
miner will offer at the sale.
“Rio Tinto’s Argyle mine is the world’s only source of these
highly coveted pink, red and violet diamonds, and we expect considerable interest
in this year’s collection,” Rio Tinto CEO Jean-Sébastien Jacques said Thursday. “The combination
of strong demand and extremely limited world supply continues to support
significant value appreciation for Argyle pink diamonds.”
This year’s tender, which the company has called Magnificent
Argyle, also includes the Argyle Muse, an oval-cut, 2.28-carat stone, which is
the largest purplish-red diamond ever offered at the tender, and came from a
7.39-carat rough. A second diamond, cut from the same stone, will also be up for
sale.
The other hero diamonds include the square-radiant-shaped, 1.29-carat,
fancy vivid purplish-pink Argyle Maestro; the princess-shaped, 1.57-carat,
fancy dark grey-violet Argyle Alchemy; the Argyle Odyssey, a round brilliant,
fancy intense pink stone weighing 2.08 carats; and the radiant-shaped Argyle
Mira, a 1.12-carat fancy red.
Rio Tinto will unveil the gems at a world exclusive preview
in Sydney, and will also showcase them in Hong Kong and New York. Bidding for
the diamonds closes on October 10.
The company held its first Argyle Pink Diamond Tender in
1984.
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Tags:
Argyle, Argyle Alchemy, Argyle Alpha, Argyle Maestro, Argyle Mira, Argyle Muse, Argyle Odyssey, Argyle Pink Diamonds Tender, Jean-Sébastien Jacques, Magnificent Argyle, Pink Diamond, Rapaport News, Rio Tinto
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