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The tender reflected "intense global demand for the rare diamonds”
argyle pink diamonds
Credit: Rio Tinto

The iconic Argyle mine in Australia, which is due to close in late 2020, has provided Rio Tinto with a strong Argyle Pink Diamonds Tender this year.


pink red diamonds australia

pink and red diamonds from australia

Credit: Rio Tinto


The 2019 tender has delivered “strong results reflecting intense global demand for the rare diamonds”, Rio Tinto said in a press release. The 35th Tender (since the mine began production) saw double digit growth in the number of bids. Successful bidders came from nine countries.


Lot number 1, Argyle Enigma™, the most valuable diamond in the collection, was won by Australian based Blue Star & Kiven Diamonds. Additionally, the Argyle Pink Everlastings™ Collection, comprising 64 lots and weighing a total of 211 carats, was sold in its entirety to Hong Kong fancy coloured diamond specialist, Kunming Diamonds.


Argyle Dreaming diamond necklace
Credit: Rio Tinto


Rio Tinto added that in the past 19 years, the value of Argyle pink diamonds sold at Tender has appreciated more than 500%.

Tags: Diamonds News, Diamond Industry News, Mining News, Rio Tinto News

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