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- Apr 25, 2014
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Got quite a lot of cash sitting around? Get ready!!! lol
https://www.gia.edu/gia-news-research/bank-suspends-credit-unprofitable-rough-diamonds
![243076-argyle-pink-diamonds-636x358_w[1].png 243076-argyle-pink-diamonds-636x358_w[1].png](https://www.pricescope.com/community/data/attachments/660/660732-cdf706d2416c18c8f5807eaefd7eb870.jpg?hash=zfcG0kFsGM)
(Image Credit to Rio Tinto)
https://www.gia.edu/gia-news-research/bank-suspends-credit-unprofitable-rough-diamonds
![243076-argyle-pink-diamonds-636x358_w[1].png 243076-argyle-pink-diamonds-636x358_w[1].png](https://www.pricescope.com/community/data/attachments/660/660732-cdf706d2416c18c8f5807eaefd7eb870.jpg?hash=zfcG0kFsGM)
(Image Credit to Rio Tinto)
...Some manufacturers are expecting relief following Rio Tinto’s announcement that it will close its large Argyle diamond mine in Australia at the end of 2020. Rio had indicated it might close the mine on several occasions some years ago but, because inventories of rough and polished have been accumulating to the point that prices for both have been softening, the announcement is real this time.
...
Just after making the mine closing announcement, Argyle unveiled its latest collection of fancy colored diamonds, which will go on sale at its annual tender sale in September. This year’s collection of 64 diamonds weighs a total of 56.28 cts.
The six hero stones, all graded by GIA, are the:
This will probably be the penultimate Argyle fancy colored diamond tender sale, which began in 1984.
- Argyle Verity, an oval shape, 1.37 ct Fancy Vivid purplish pink
- Argyle Enigma, a modified radiant, 1.75 ct Fancy red
- Argyle Amari, a heart-shaped, 1.48 ct Fancy Vivid purplish pink
- Argyle Opus, a round shape, 2.01 ct Fancy Intense pink
- Argyle Elysian, a modified cushion shape, 1.20 ct Fancy Vivid pink
- Argyle Avenoir, an oval shape, 1.07 ct Fancy red