Blue Moon singles. Source: Rio Tinto

Rio Tinto’s Final Argyle Blue and Pink Diamonds Tender Sets New Sales Records

Rio Tinto’s entire 2021 Once in a Blue Moon Tender collection of 41 lots of precisely picked Argyle blue and violet diamonds was won by a single bidder, Kunming Diamonds of Hong Kong.

All the while its pink diamond tender collection of 70 rare prink and red diamonds from Argyle delivered the most significant set of record-breaking results in its 38-year history.

Blue diamond collection sells to one bidder

Kunming Diamonds’ history-making global offer for the 24.88 carats of last “beyond rare” blue gems from Western Australia’s East Kimberley area marks a watershed point in the Argyle mine’s and the coloured diamond industry’s history.

We are delighted to be part of Argyle’s legacy in this historical moment, acquiring the Once in a Blue Moon collection.

Kumning Diamonds Executive Director Hars Maheshwari said

We cherish becoming the custodians of the final Australian treasures from this iconic and industry-defining mine and look forward to unearthing the incredible possibilities in the years to come.

Maheshwari continued

The Argyle mine irregularly produced little blue and violet diamonds in a magnificent rainbow of hues, and with the closing of Argyle, it is exceedingly improbable that any collective offering of famous jewels in this colour range from a single mine will ever be available.

This image has an empty alt attribute; its file name is RT-Argyle-2021-blue-moon-1024x576.jpeg
Once in a Blue Moon | Source: Rio Tinto

The rarity and beauty of the Once in a Blue Moon diamonds speaks volumes.

Rio Tinto Minerals Chief Executive Sinead Kauffman said.

They are highly coveted, the ultimate limited edition and we congratulate Kunming Diamonds on their global bid.

he said.

Pink diamond tender sets new record

The 2021 Argyle Pink Diamonds Tender achieved record-breaking price performance for individual gems as well as the collection as a whole. The gems were vigorously fought in a series of virtual and face-to-face viewings throughout the world.

With 19 winning bids from nine countries, the 2021 collection maintained its double-digit price increase track. Lot 1, Argyle Eclipse, a 3.47 carat radiant shaped Fancy Intense Pink diamond, was won by Calleija, a well-known Australian jeweller and Argyle Pink Diamonds Select Atelier.

Calleija also won Lot Number 5, an Argyle Bohème 1.01 Carat radiant shaped Fancy Red diamond. Due to COVID-19 restrictions in Australia, Calleija’s bid was solely based on a virtual viewing of the collection.

The other three hero diamonds from the 2021 Argyle Pink Diamonds collection were won by long-standing bidders, with Lot Number 2, Argyle Stella, Lot Number 4, Argyle Solaris, and Lot Number 3, Argyle Lumiere heading to Singapore and Lot Number 3, Argyle Lumiere going to the United States.

2021 Hero Diamonds. Source: Rio Tinto

Rio Tinto’s Argyle Diamond Mine, which halted production on November 3, 2020, supplies nearly the entire world’s supply of rare pink, red, blue, and violet diamonds.

Rio Tinto has made the choice to protect and manage the Argyle Pink Diamonds brand through secondary market platforms, certification processes, and creative partnerships with partners after 37 years of Argyle pink diamond production in worldwide markets.

We are extremely proud of the Argyle Pink Diamonds business and its legacy will continue as we retain and manage the brand through a proprietary Argyle pink diamonds trading platform, certification processes and creative collaborations with our trusted partners.

Mr Kaufman said
Lot 1, Argyle Eclipse, a 3.47 carat, Fancy Intense Pink, radiant diamond. Source: Rio Tinto

Join The Rich List

Receive the beautifully curated selection of what's trending in luxury with inside stories and tips from our experts

You may also like

Pin It on Pinterest

Share This