Argyle Pink Prices Skyrocket

The 23rd annual Rio Tinto Diamonds Argyle Pink Diamond Tender held last September in Hong Kong, New York, and Perth, Australia, was, as usual, exciting and unpredictable. Sixty-five diamonds—64 saturated pinks and reds and one violet—were sold to 17 successful bidders at record-breaking prices. Making up the 65 special selections were 28 straight pinks, 28 purplish pinks, four purple pinks, four Fancy Purplish-Reds, and a 0.77 ct. shield-cut Fancy Dark Gray-Violet. Not many exceeded 1.50 cts., and clarities this year were notably lower, with three I2s, and 19 I1s. Colored-diamond suppliers generally were overbid by retailers and collectors for the Fancy Intense, Vivid, and Deep pinks. The collectors, unconcerned with resale value at this point, were able to place bids high enough to guarantee a win. Retail jewelers should be prepared to pay more than ever for all pink diamonds

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