A (Very Expensive) Pink Souvenir

"What else would you call it?" asks Alan Bronstein, president of Aurora Gems in New York. He was one of the lucky international dealers with a winning bid in Argyle's 17th annual Fancy Pink Diamond Tender. "Everybody likes to have a souvenir," he says. The Argyle Pink Diamond Tender is an invitation-only, silent-bid auction that offers the best of the best diamonds unearthed at the Australian mine each year. This year, 41 stones traveled to six major cities: Perth (Aug. 27-28), Hong Kong (Aug. 23-24), Tokyo (Aug. 20-22), New York (Sept. 5-7), London (Sept. 9-10), and Geneva (Sept. 12-14). The stones ranged from 0.48 ct. to 4.15 cts.; most weighed less than 1 ct. Argyle's guests, a group that included important dealers, manufacturers, and jewelers, examined these extraordinary colored diamonds and entered sealed bids, which were tallied in Geneva on Sept. 14. Winners—and losers—we

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