Rio Tinto’s Argyle Pink Diamonds Tender is on display in London as part of its global exhibition of rare pink, red and violet diamonds.
It also celebrates the launch of its new partnership with UK jeweler, Boodles, the 2016 Argyle Pink Diamonds Tender is in London for the first time since Queen Elizabeth’s Diamond Jubilee in 2012.
A 16.08-carat cushion-shaped fancy pink diamond was bought for $28,523,925 at Christie’s in Geneva setting a new world auction record for any pink diamond ever offered at auction.
The stone was bought by a private Asian buyer, who named it just after the auction 'Sweet Josephine.'
The Magnificent Jewels sale on 10 November raised a total of $109,492,525, selling 80 percent by lot and 86 percent by value.
Rio Tinto’s 2015 Pink Diamonds Tender collection of 65 rare pink and red diamonds from its Argyle diamond mine produced excellent results "reflecting global demand and sustained price growth," the firm said.
Achieving the highest average price per carat since the tender began in 1984, the tender continued its double-digit price growth trajectory.
A rare Fancy Vivid Blue diamond from the celebrated collection of Mrs. Paul Mellon sold for a staggering $32,645,000 ($3,348,205 per carat) – a new world auction record total price for any blue diamond and a new world auction record for price-per-carat for any diamond at Sotheby’s New York headquarters.
Brad Brooks-Rubin has appointed by the GIA to the newly-created post of global director of Development and Beneficiation.
The GIA said the appointment would "strengthen its commitment to bring benefits of the global gem and jewelry industry to producing communities".
The Christie’s Magnificent Jewels auction in New York on December 10 concluded the firm’s 2013 jewelry auction season with sales of $65,790,125. The 495-lot auction was 86 percent sold by lot and 92 percent by value.
A 52.58-carat D-color Internally Flawless Golconda diamond was bought for $10.9 million, while a diamond jewelry collection – Property of an Elegant Lady, by Lev Leviev, was sold for $10.2 million
Almost five years after the world’s worst financial crisis for three generations, the repercussions are still being felt in the European market, says diamantaires. One of the wealthiest continents in the world with a potential market of around 350 million people, Europe remains stuck in the doldrums.