Mil­lion Dol­lar Ar­gyle Red Di­a­mond Coin Sold Within 48 Hours

Solitaire - - SPECTRUM -

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.

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