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World's most precious pink diamonds go on sale

22 Sep '07
3 min read

Diamond experts and high society figures across the globe are preparing for the 23rd annual Rio Tinto Diamonds Argyle Pink Diamond Tender held in Perth (September 11-14th 2007), Hong Kong (September 18th - 28th 2007) and New York (October 1st - 12th 2007).

The world's most exclusive diamond sale will feature 65 of the world's rarest pink diamonds from the Argyle mine in Australia - the world's main source of pink diamonds with an unparalleled depth of colour and quality.

This year's Tender promises to be one of the most exciting to date, with the Argyle Signature Stones possessing deeper and more vivid colour intensity than previously seen in the Tenders. Spectacular purplish reds, as well as stunning deep pinks and a rare grey-violet diamond are included.

Excitement around the Pink Diamond Tender is understandable. Since the first pink diamonds were recovered from the mine in 1985, demand for these exceptional gems has attracted a cadre of elite and discrete buyers.

The pink diamond jewellery market is now worth hundreds of millions of dollars as the desire to own the rarest has sent prices skyrocketing.

It is not unusual for pink diamonds to fetch more than US$400,000 per carat. However, the sky is the limit when it comes to Rio Tinto Diamonds' exclusive Signature Stones - each diamond is so unique that it warrants an individual price tag.

To put the rarity of the Argyle Signature Stones into perspective, Rio Tinto's Argyle mine produces on average 30 million carats of rough diamonds a year.

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