Rio unveils red diamond from Argyle

30th August 2017 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH ( – Mining major Rio Tinto has unveiled a 2.11 ct fancy red diamond in its latest tender of diamonds from the Argyle mine, in Australia.

CEO Jean-Sebastian Jacques said this week that the market fundamentals for pink diamonds remained robust, adding that the combination of healthy demand and extremely limited supply continued to support significant value appreciation for pink diamonds.

“This year’s Argyle Pink Diamonds tender is an exceptional offering of the world’s most coveted diamonds. At more than a billion years old, each Argyle pink diamond is a fluke of nature, commanding the attention of investors, collectors and diamond connoisseurs across the world.”

The 58 diamonds in the tender weigh a total of 49.39 ct, including four fancy red diamonds, four purplish red diamonds, two violet diamonds, and one blue diamond.

The collection comprises five ‘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 diamonds included the 2.11 ct Argyle Everglow, the 1.14 ct Argyle Isla, the 2.42 ct Argyle Avaline, the 1.5 ct Arbyle Kalina, and the 0.91 ct Argyle Liberte.

The 2017 Argyle Pink Diamonds tender is being showcased in Perth, Hong Kong and New York with bids closing on October 11.