Sourcing

Last Lots: See the Diamonds in the Final Argyle Pink Tender

SourcingMay 27, 2021

Last Lots: See the Diamonds in the Final Argyle Pink Tender

The five “hero” stones include the largest fancy intense pink in the tender’s history.

Alongside the reds, pinks and purples, Rio Tinto is selling 41 lots of blue and violet diamonds totaling nearly 25 carats. It’s calling the collection “Once in a Blue Moon.”
View Slideshow
Sydney—After 38 years, the Argyle Pink Diamonds Tender is on its last lots.

The mine that produced the tender’s increasingly sought-after red, pink, purple, and blue stones closed at the end of 2020, bringing to an end the annual invitation-only sale of some of the world’s rarest diamonds.   

One U.S. diamond dealer who’s been buying Argyle diamonds since the late ‘80s likened the closing of the mine to the loss of a great artist.

“It is very special, especially to the people who are experts,” Larry West, president of L.J. West Diamonds Inc., said in an interview with National Jeweler last year

“It’s a sad moment. It’s the equivalent of a great artist dying, as far as I’m concerned.”

 Related stories will be right here … 

The 2021 Argyle Pink Diamonds Tender consists of 70 diamonds weighing a total of 81.63 carats. 

Of those, 43 (about 60 percent) are larger than a carat, a record number for the tender, Rio Tinto said.

As it does each year, the miner is highlighting a handful of the biggest and most beautiful diamonds in the sale. 

Dubbed “hero” stones, they are: the Argyle Eclipse, a 3.47-carat fancy intense pink; Argyle Stella, a 1.79-carat fancy vivid purplish pink; Argyle Lumiere, a 2.03-carat fancy deep pink; Argyle Solaris, a 2.05-carat fancy intense pink; and the Argyle Bohème, a 1.01-carat fancy red diamond.  

Being offered alongside the tender are 41 lots of blue and violet diamonds totaling 24.88 carats. The group is called “Once in a Blue Moon.”

There are 17 GIA-graded single stones and 24 groups of curated blue and violet diamonds. Buyers can bid on lots individually or the group collectively, Rio Tinto said.  


Alluvial mining began at Argyle, which is located in the Kimberley region of Western Australia, in 1983 and open-pit mining in 1985. The mine went fully underground in 2013.

Over the years, prices for the rare natural color diamonds the mine produces have climbed continuously.

Rio Tinto never releases prices paid for individual stones or the tender total, but it has provided some information on the rising value of the diamonds over the years.

Last year, Rio Tinto said the value of Argyle pink diamonds has appreciated more than 500 percent in the past 20 years, outperforming all major equity markets.

On Wednesday, Joseph Namdar, managing director of Namdar Inc., which specializes in colored diamonds, said he expects this final sale to set new record prices across the board, surpassing any of Rio Tinto’s past pink tenders.  

“There is very strong global demand for their pink and red diamonds that is far greater than the supply, which is now said [by Rio Tinto] to be coming to an end,” he said.

Rio Tinto will showcase the 2021 Argyle Pink Diamonds Tender in Perth and Sydney, Australia; Antwerp; and Singapore, with viewings subject to COVID-19 protocols in each location. 

Bids close Sept 1. 
Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

IndependentsSep 26, 2022
Roberson’s Fine Jewelry to Close After 42 Years

The store’s liquidation sale will showcase the mix of classic and unique jewels it’s known for stocking.

CollectionsSep 26, 2022
Go ‘Inside the Dream’ of Bulgari Via a New Documentary on Amazon Prime

It follows Creative Director Lucia Silvestri as she crafts the brand’s high jewelry collections.

Recorded WebinarsSep 26, 2022
Watch: What Jewelers Should Know About Insurance

From safeguarding showcases to appraisal liability, insurance experts Mark Devereaux and Andrew Chipman share insurance tips for jewelers.

Brought to you by
6 Steps to Start a Dynamic Company Culture

Learn how to better serve your employees, customers and community by having a dynamic and supportive company culture.

TrendsSep 26, 2022
Vahan Collabs With Wolf on a Jewelry Box

It’s the first time in 50 years the brand has made something other than jewelry.

Weekly QuizSep 22, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
Events & AwardsSep 26, 2022
Texas Jewelers Association Rolls Out New Format for Design Competition

The competition takes place in tandem with TJA’s annual convention, known as the Texas Jewelers Roundup.

CollectionsSep 23, 2022
Pandora Reimagines Keith Haring’s Art in New Collection

The limited-run collection features figures from Haring’s iconic street art on charms, bracelets, rings, and more.

Brought to you by
Committing to an Ethical Diamond Business

While ethical mining is essential to a diamond business, they represent only a fraction of the responsibility bestowed on jewelers.

GradingSep 23, 2022
GIA Career Fair Returns to Carlsbad

The Gemological Institute of America also announced plans for events in New York and London in 2023.

CollectionsSep 23, 2022
Piece of the Week: Emily Weld Collins’ Amulet

Inspired by antique coins, it depicts a “hippocamp” from Greek mythology.

EditorsSep 22, 2022
4 Things Seen and Heard at the 2022 HardRock Summit

Gemstones Editor Brecken Branstrator dishes on the latest color to trend, the show floor buzz, and more from Denver.

TrendsSep 22, 2022
There’s a New Book on Tiffany & Co.

Written by historian Vivienne Becker, it accompanies this summer’s Tiffany jewelry exhibition at London’s Saatchi Gallery.

Supplier BulletinSep 22, 2022
Using Commerce Data to Outshine the Competition in the Jewelry Industry

Sponsored by Bloomreach

Events & AwardsSep 22, 2022
JCK Industry Fund Now Accepting Applications

Organizations with a project or initiative aimed at bettering the jewelry industry are encouraged to apply.

Lab-GrownSep 21, 2022
An Updated Look at the Lab-Grown Diamond Market: Size, Pricing, and More

As the end of 2022 draws near, National Jeweler offers another deep dive into lab-grown diamond market data.

TrendsSep 21, 2022
These Are the Diamond Jewels to Stock for the Holidays

These trending-yet-timeless pieces are no-brainers for customers in search of the perfect gift.

SourcingSep 21, 2022
A Day in the Life: Daniel Namdar, Fancy Color Diamond Specialist

Namdar joins a long line of diamond experts, but his love of the trade was learned rather than inherited.

Lab-GrownSep 21, 2022
Looking Ahead: 4 Factors That Could Shape Lab-Grown Diamonds’ Future

Growing supply and falling prices likely will make differentiation a necessity and a reality, according to analyst Paul Zimnisky.

AuctionsSep 21, 2022
Egyptomania at Sotheby’s: See the Egyptian Revival Jewels Heading to Auction

The auction house is celebrating 100 years since the discovery of King Tut’s tomb.

MajorsSep 21, 2022
Claire’s Expands Walmart Partnership

The chain’s jewelry and accessories are now available in 2,500 Walmart locations.

Events & AwardsSep 21, 2022
Ethical Gem Fair Heads to NYC for the First Time

The event is slated for Oct. 20-22 at Brooklyn Metal Works.

MajorsSep 21, 2022
Hearts On Fire Announces Sales Teams Changes

Jacqueline Raffi has been promoted to vice president, sales, North America.

CrimeSep 20, 2022
Customs Seizes More Than 700 Counterfeit Cartier ‘Love’ Bracelets

Agents in Cincinnati intercepted three shipments of fake brand-name jewels that would be worth more than $10 million if genuine.

ColumnistsSep 20, 2022
The Smart Lab: 5 Holiday Shopping Predictions for 2022

From free shipping to early shopping, Emmanuel Raheb outlines a handful of factors expected to shape the holiday season this year.

Events & AwardsSep 20, 2022
Harwell Godfrey Nabs CFDA Fashion Award Nomination

The sole fine jewelry nominee, the brand is up for an award in the emerging designer category.

MajorsSep 20, 2022
Signet Expands Loyalty Program, Adds Personal Jewelry Insurance

Customers earn one “gem” for every dollar spent as part of the “Vault Rewards” program, unlocking discounts and special member-only offers.

TechnologySep 19, 2022
Signet Enters the Metaverse With Banter, DressX Partnership

See how it looked when our editor tried on virtual jewelry via the DressX app.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy