Tiffany & Co. has purchased 35 diamonds from the iconic Argyle mine in Australia, which has been closed since November 2020, and will offer them “to select clients at a series of high jewelry events starting this spring 2023 and in future Tiffany “Blue Book” creations,” according to IDEX Online.
Ranging from 0.35 carats to 1.52 carats, most of the purchased stones are pink, while some are “almost purple” and one is red. Three of the diamonds are over 1-carat in weight.
Tiffany’s did not disclose the price it paid for the diamonds, but Anthony Ledru, the jeweler’s president and chief executive, told The New York Times that it was the brand’s largest single purchase of 2022, and that the sum paid was “probably not enough compared to what it’s going to become in the next five, 10 years”.
