Rio Tinto's Tender Reveals Most Valuable Red Diamond

[Langerman Diamonds - 27 July 2017] Rio Tinto who owns and operates the Argyle diamond mine in Australia came to Manhattan to introduce its latest and best colored diamonds tender ever: 58 diamonds with a total weigh of 49.39 carats.

The 2017 Argyle Pink Diamonds Tender is named ‘Custodians of Rare Beauty’  and includes four Fancy Red diamonds, four Purplish Red diamonds, two Violet diamonds, and one Blue diamond.

The « historic » diamond of the tender is the 2.11-carat  red diamond.

Unprecedented in size, colour and clarity, the Argyle Everglow™ has been assessed by the Gemological Institute of America (GIA) as a notable diamond with a grade of Fancy Red VS2.

“The Argyle Everglow represents rarity within rarity, and will drive global demand from collectors and connoisseurs in search of the incomparable,” said Josephine Johnson, manager of Argyle Pink Diamonds.

The collection comprises four other “hero” diamonds selected for their unique beauty and named to ensure there is a permanent record of their contribution to the history of the world’s most important diamonds:

the Argyle Isla™, 1.14 carat radiant shaped Fancy Red diamond,

the Argyle Avaline™, 2.42 carat cushion shaped Fancy Purple-Pink diamond, 

the Argyle Kalina™, 1.50 carat oval shaped Fancy Deep Pink diamond and

the Argyle Liberté™, 0.91 carat radiant shaped Fancy Deep Gray-Violet diamond.

The Argyle mine produces 90 percent of the world’s rare pink diamonds, and is set to close by 2021. According to the company, in the 33-year history of the Argyle Pink Diamonds Tender less than 20 carats of fancy red certified diamonds have been sold.

The 2017 Argyle Pink Diamonds Tender will be showcased in New York, Hong Kong and Perth with bids closing on 11 October 2017.

By YDCDL - Langerman Diamonds

More information:  Rio Tinto Press Release

Pictures Courtesy: Rio Tinto