Million Dollar Argyle Red Diamond Coin Sold Within 48 Hours
In July, Rio Tinto announced the sale of The Perth Mint’s Kimberley Treasure, the world’s first coin to feature a rare red diamond from its Argyle Diamond Mine in the east Kimberley region of Western Australia. The Kimberley Treasure, a million dollar coin crafted from 1 kg of 99.99% fine gold and featuring a radiant-cut 0.54-carat Argyle red diamond, sold within 48 hours of its unveiling.
The Perth Mint has worked in collaboration with John Glajz, an authorised partner of Argyle Pink Diamonds, to create a number of special gold and pink diamond ingots and coins during the past five years, which have been in strong demand from investors, collectors and diamond experts.
Simon Trott, managing director of Rio Tinto Diamonds, said, “We are delighted with the sale of the Mint’s Kimberley Treasure. We have seen and continue to see, strong demand from this high end of the luxury market. The coveted Kimberley Treasure speaks the language of exclusivity, desirability and collectability.”
The Argyle diamond mine produces a very small proportion of rare pink diamonds and an even smaller proportion of rare red diamonds. On average, one carat of rare red diamonds a year is produced from the Argyle mine.
The new owner of this breathtaking collectible is Tiara Gems and Jewellery, a Dubai-based company specialising in rare and important fancy colour diamonds, unique collectibles and heirloom pieces of jewellery.
Ashish Vijay Jain, founder and chairman of Tiara Gems and Jewellery, said, “We are excited and privileged to add the Kimberley Treasure to our international collection of one-of-a-kind pieces.”
The Kimberley Treasure will be exhibited at the Perth Mint until August 14.