A million-dollar Argyle red diamond gold coin has sold within 48 hours of its unveiling. Rio Tinto Diamonds says it was bought by Tiara Gems and Jewellery, a Dubai-based company specializing in rare and important fancy-colour diamonds, unique collectibles, and heirloom jewellery.
A rare 2.83-carat violet diamond unearthed from Rio Tinto’s Argyle mine will be the centrepiece of its 2016 Argyle Pink Diamonds Tender. Named ‘Argyle Violet,’ the diamond was discovered in 2015 and cut from a 9.17-carat rough stone. It is the largest violet diamond recovered from that mine.
Fewer diamonds will be coming out of Rio Tinto’s Argyle mine in 2009. The company says the current global economy is spurring it to implement a debt reduction plan that will see the mine’s underground project cut back to only critical development activities.