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The below article originally appeared in AusBiz. The original print version of this article can be downloaded here.

Anna Cisecki, Australian Diamond Portfolio Executive Director, counts herself lucky to be involved in the argyle mine story.

Since WA’s Argyle Mine closed in 2020, the value of pink diamonds has sky rocketed. Here Anna Cisecki, Executive Director of Australian Diamond Portfolio, explains why.

Approximately 95 per cent of the world’s pink diamonds were produced at the Argyle Mine in Western Australia. Since its closure in 2020, the price of pink diamonds is rapidly increasing. Anna Cisecki from the Australian Pink Diamond Portfolio says the Australian mine produced the highest quality pink diamonds in the world. Investors are rapidly recognising this. Pink diamonds have displayed value increases every year without fail. Since the Argyle Mine closure, there’s less supply and greater demand.

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This article originally appeared on Switzer Daily, Small Caps and Livewire Markets.

Pexels Image/Rostislav Uzunov

The local diamond exploration sector has lost its glitter in recent years, but there’s renewed interest in finding the dazzling stones that the ancient Greeks thought were splinters of stars that had fallen to earth.

Underpinning the activity is a looming shortage of better quality stones spurred by pandemic-related supply problems and the backlash against ‘blood’ diamonds (those mined in certain African countries to fund conflicts).

Rough diamond prices are at their highest since 2012.

Supply has also been constrained by last year’s closure of Rio Tinto’s Argyle mine in WA’s Kimberley region, which had operated for close to 40 years.

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This article originally appeared in the The Market Herald.

Up until November last year, Western Australia’s renowned Argyle mine was producing some of the best and most sought after coloured diamonds in the world. Among which, the mine’s pink diamonds shone brighter than the rest. At least in terms of profit potential.

Throughout its 37 year history of mining, Argyle discovered more than 865 million carats worth of rough diamonds. Of those millions of carats, the famed pink diamonds have been said to barely fill two champagne flutes. In terms of numbers, just 1 in 100,000 carats of diamonds is classified as pink.

Paired with the fact that Argyle was the prime producer of pinks, accounting for more than 90 per cent of the world’s pink diamonds before its closure, it’s not hard to see why Argyle’s pink diamonds are so sought after. Described as “the heritage gemstones of the future,” Rio Tinto’s 70-strong rare pink and red diamond tender attracted record-breaking bids.

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This article originally appeared on MSN and Stockhead.

What investment class has risen an average of 30% this year, outshining gold, silver, cash and the ASX 200?

It’s not a crypto or memestock, although there are plenty of those floating around.

We’re talking about pink diamonds. According to new figures from the Australian Diamond Portfolio, the value of pink diamonds has soared since 2005, gaining 10-12% pa over 15 years to outpace most traditional investments.

That has only accelerated in the past year since the closure of the Argyle diamond mine in November 2020.

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The below video is taken from SBS World News and was first broadcast on 28th October 2021.

This article originally appeared in the Northern Territory News.

This article originally appeared on The Australian, NT News, Gold Coast Bulletin, The Advertiser, The Daily Telegraph, Cairns Post, The Courier Mail, Herald Sun, and The Mercury.

Fierce competition for the last of Rio Tinto’s famed blue, rare pink and red diamonds from the Argyle mine in the Kimberley has smashed sales records for the rare stones, as Rio bids farewell to the rich diamond mine.

The sale of more than 70 rare pink and red diamonds, and a set of blue diamonds bought by a single buyer, represents Rio’s last signature tender for the most valuable diamonds found at Argyle, and led to a frenzied bidding war among the selected diamond merchants invited into the process.

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This article originally appeared on The West Australian, Midwest Times, North West Telegraph, South Western Times, Narrogin Observer, Manjimup Bridgetown Times, Sound Telegraph, Busselton-Dunsborough Times and Augusta-Margaret River Times.

A bidding war for the last of the famed rare pink and red diamonds from Rio Tinto’s now-shuttered Argyle mine in the Kimberley has smashed sales records for the precious stones.

Rio said Thursday that its 2021 tender for the collection of 70 diamonds from the mine, which closed in November last year, delivered double-digit sales growth and a record-breaking price performance across individual stones and for the overall collection.

Bids for the diamonds were fiercely contested by jewellery houses around the world in a series of virtual and face-to-face viewings, with 19 successful bids from nine countries.

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