Exclusive auction of 51 pink diamonds
The "Argyle Pink Diamonds Tender' Collection, that will soon go under the hammer, consists of 55 diamonds, including 51 pink and purple red diamonds and four ‘Fancy Red 'diamonds. That is remarkable news. During the last thirty years, there were only thirteen of these exclusive red diamonds sold at these annual auctions.
Not only pink and red diamonds are becoming more and more rare. That's because fewer mines remain operational and less and less are being discovered. Globally, only 30 operating mines remain. Diamond giant De Beers estimates the probability of finding a new, exploitable diamond mine just one percent.
Pink diamonds from Australian soil
The pink diamonds from this exclusive collection come from the Argyle mine in Australia. This mine is almost the only known place on earth that is a source of pink and red diamonds. The demand for diamonds from Rio Tinto's Argyle mine has kept rising for years, leading to sensational sales. Prices are several times higher than the selling prices for white diamonds.
Asian demand for diamonds is growing
Those price increases are mainly due to the huge demand from the Asian continent. In 2000, the share of the Asian market in diamond was only 8%. In 2012, China and Hong Kong were together accounted for 13% of the global demand. It is expected that their share will rise to 18% in 2017.
Diamond investors have until October 8th to place a bid on these diamonds, which are exhibited in New York, Hong Kong, Sydney and Perth.
Anyone who would like to invest in diamonds, may turn to the experts at BAUNAT. They can give you professional advice on your valuable investment.