27 Sep 2016

Hong Kong annual fair displays rare Argyle diamonds

Photo: Copyright © 2016 Rio Tinto

The 2016 Tender, named the “Chroma Collection” because of its potency of colour, comprises 57 pink diamonds, two violet diamonds and four red diamonds and weighs a total of 58.24 carats.

The centrepiece of the collection, The Argyle Violet, is the largest violet diamond unearthed from the Argyle mine and the largest diamond in the 2016 Tender.

Argyle Pink Diamonds manager Josephine Johnson said the beauty and ever increasing rarity of the Argyle pink diamonds continued to drive global demand from those in search of the incomparable.

The fundamental economics of pink diamonds – increasing demand for a truly scarce product – are providing the catalyst for unprecedented interest by international collectors who are looking to rare assets to add to their personal holdings.

Hong Kong is an important and long-standing trading hub for so-called fancy-coloured diamonds with consistent growth in demand from mainland China over the past five years.

Also accompanying the Argyle Pink Diamonds Tender in Hong Kong is the Argyle Blossom, a multi-million dollar Argyle pink diamond ring comprising six pink and violet diamonds from previous Argyle Pink Diamonds tenders.

The 2016 Argyle Pink Diamonds Tender has already been shown in Copenhagen and will be shown in New York and Perth before bids close on October 12.

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