Argyle is still in the pink, but maybe not for long

Maybe it's simply a fashion comment—call it "the J. Lo effect." Or it could be savvy investors eager to get their hands on the goods before the Argyle open-pit mine closes in 2007 or 2008. Whatever the reason, "the 2004 Argyle Pink Diamond Tender was very successful this year, reflecting the strong market demand for pink diamonds," says Joseph Casella, U.S. and Europe senior sales executive for Argyle Diamonds. Casella's "strong market demand" is an understatement. The competition for the 60 rare pinks was so fierce that most of the regular auction attendees (all names are confidential) were left out of the winners' column, and there were few repeats from previous years. "The whole pool changed," says Alan Bronstein, colored-diamond specialist with Aurora Gems, New York, and one of the fortunate multiyear winners. "Twenty-three clients were successful in the Tender from a record nu
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