The largest fancy pink diamond in the history of the Argyle mine was unveiled by the Rio Tinto Mining Group at an exclusive world preview in Sidney Australia.
The Argyle Alpha™ is a 3.14 carat, emerald cut diamond is part of a dazzling collection of sixty-three rare pink, red, and violet, fancy colored diamonds. The Argyle Alpha™ fancy pink emerald cut diamond is pictured above, second from the left.
The 2018 Argyle Pink Diamonds Tender will be held soon, following viewings of the collection in Sydney, Hong Kong, and New York.
“I am delighted to unveil this stunning Argyle Alpha™ diamond, the largest Vivid Pink diamond presented since the Argyle Pink Diamonds Tender began in 1984” said chief executive J-S Jacques of Rio Tinto.
“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. The combination of strong demand and extremely limited world supply continues to support significant value appreciation for Argyle pink diamonds.”
In honor of the Argyle Mine’s role in producing some of the world’s most coveted diamonds, the 2018 Argyle Pink Diamond Tender is named the Magnificent Argyle. This year’s diamond tender features 63 fancy pink, red, and violet diamonds weighing a combined total of 51.48 carats.
The Argyle Muse™ featured in Lot 1 is a 2.28 carat oval diamond which is the largest purplish-red ever offered at tender. It is said to exhibit an unrivaled potency of color and is expected to be the focus of intense bidding among collectors. Lot #9 includes a second purplish-red fancy color diamond that was cut from the same piece of 7.39 carat rough.
The six bad boys featured in the feature image at the top of this page are:
Now. I don’t know about you, but these fancy pink diamonds are out of my league. Check out the price on this 0.70 carat, K-c0lor, VS-1 clarity, fancy intense pink cushion cut diamond from Brian Gavin and you’ll know why.
This 1.00 carat, SI-1 clarity, fancy intense pink color cushion cut diamond from Brian Gavin has a higher intensity of color and breaks the one-carat mark so it’s considerably more expensive.
Factors such as the color and intensity of color influence the price of fancy color diamonds in addition to the normal characteristics such as clarity and carat weight. Another factor that many people are not aware of are the price increases that occur at the magic marks, such as between 0.89 – 0.90 carats and 0.99 – 1.00 carats.
The difference in the price per carat of fancy pink diamonds explains part of the reason why the 0.70 carat costs $90K and the 1.00 carat costs $250K. With that in mind, you can imagine the value of the fancy pink Argyle diamonds in this year’s tender.
Be sure to check out more high-resolution photographs of the Fancy Pink, Red, and Violet Diamonds featured in the 2018 Argyle Pink Diamond Tender on Flickr and let me know if you’d like help finding a fancy pink diamond for your collection.
Todd Gray is a professional diamond buyer with 30+ years of trade experience. He loves to teach people how to buy diamonds that exhibit incredible light performance! In addition to writing for Nice Ice, Todd "ghost writes" blogs and educational content for other diamond sites. When Todd isn't chained to a desk, or consulting for the trade, he enjoys Freediving! (that's like scuba diving, but without air tanks)
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