Pink diamonds, already rare, are about to get scarcer as Rio Tinto has closed its iconic Argyle diamond mine, the world’s biggest and the main global source of high-quality pink diamonds. Since opening its doors 37 years ago, the Western Australia mine produced 865 million carats of rough diamonds and became the source of about 90% of the … Read more
Australian Diamond Portfolio is set to showcase a selection of the last pink diamonds to be unearthed in Australia before Rio Tinto closes the Argyle mine in Western Australia. It is rumoured that final excavation at the Argyle mine will take place on November 2. Sydney-based Australian Diamond Portfolio will curate a set of pink … Read more
Sotheby’s garnered $17.9 million from its Important Jewels sale in New York, with a pink-diamond ring taking the top spot. The pear-shaped, 12.38-carat, fancy-pink, VVS2-clarity diamond ring fetched $4.6 million, or $373,337 per carat, falling within the price range the auctioneer had estimated. It led the auction house’s first live jewelry sale in the state since … Read more
Sotheby’s will sell the largest vivid purple pink diamond ever to appear at auction, with expectations it could achieve up to $38 million at a November sale. The oval modified brilliant-cut, 14.83 carat, fancy vivid purple pink, internally flawless, type IIa stone is set to go under the hammer at the Magnificent Jewels and Noble … Read more
The first a heart shaped gem was a 5.04 carat fancy vivid blue heart modified brilliant cut diamond with VS2 clarity. The stone is mounted on a platinum ring flanked by two pear-shaped diamonds. It achieved more than $10.5 million USD, making it the top lot at the Sotheby’s auction. The second was a 4.49 … Read more
Two hearts, one blue, the other pink, will appear at Sotheby’s Hong Kong Magnificent Jewels auction as if they were always meant to be together. They will be sold separately during the July 10 sale at the Hong Kong Convention & Exhibition Centre. Combined, their high estimate is $18.5 million. The first is a 5.04 … Read more
The price of super-rare pink diamonds is to set to rocket with the forthcoming closure of the Argyle mine in Western Australia, which has been responsible for 90 per cent of world supplies. Owners Rio Tinto plan to cease production by the end of 2020, when economically-viable reserves will run out.The value of pink diamonds … Read more
ALROSA has sold its 6.21-carat cushion cut fancy intense pink purple diamond to Larry West, a New York-based collector of exclusive pink diamonds. The stone originates from Yakutia, where it was discovered and polished by ALROSA. For over 40 years, Larry J. West, the owner of New York’s L.J. West Diamonds, has been searching for … Read more
FANCY PINK DIAMONDS soared 116% in value over the past decade, outpacing blues (81%) and yellows (21%), according to a report by the Fancy Color Research Foundation (FCRF), an Israel-based group that tracks diamond pricing data in the global trading centers of Hong Kong, New York and Tel Aviv. While the overall index for fancy-color … Read more
