Tag: Argyle mine closure

The Argyle diamond mine may have closed, but a new market for its rare East Kimberley gems has opened with the first public tender of Argyle pink diamonds this week.

Over the next week, members of the public have the chance to get their hands on 36 previously owned Argyle pinks from across Australia as part of diamond technology start-up yourdiamonds.comu2019s first secondary market diamond sale.

The collection of pre-owned stones is estimated to fetch a combined value of up to $18m, with the highest value diamond u2014 a two carat round brilliant cut stone u2014 tipped to sell for up to $2.5m.

A private collection of rare Australian pink diamonds is expected to fetch up to $18 million when it goes up for sale next week.

Only months after the closure of the Argyle diamond mine in the East Kimberley, an Australian online start-up is offering the first known public tender of the iconic pink gems which closes July 1.

The collection of 33 pre-owned stones includes a two-carat vivid pink, which alone is estimated to be worth up to $2.5 million.