Super-rare red diamonds, prized by collectors and the glitterati, are set to steal the limelight at Rio Tinto’s annual tender of its best coloured diamonds.Only a handful of the tens of millions of carats produced at Rio’s Argyle mine in the Kimberley are reds, and Mother Nature has been kind this year.
Each one is about 1.6 billion years old. “The colour and clarity this year is exceptional,” said Rio Tinto diamonds & minerals chief executive Alan Davies. “The fancy reds are just a fluke of nature, it’s the extra pressure and the extra heat that generates them.”
With names inspired by the world of ballet, the five top-pick “hero” diamonds in this year’s tender include three reds.The top-billed Argyle Prima, a 1.20-carat pear-shaped “fancy red”, is said to combine qualities of size, shape, colour and clarity rarely seen even in the exclusive world of fancy coloured diamonds.
Nicole Kidman, Barbra Streisand and Jennifer Lopez are among owners of pink diamonds, 90 per cent of which are produced at Argyle, where a $2 billion investment to take the operation underground is nearing completion.With no guarantee of the mine’s future after 2020, buyers may have only a few more years to snap up the sought-after pink and red stones.
“We’re invested through until 2020 and we’re seeing what will happen after that,” Mr Davies said at the world preview of this year’s tender at the Sydney Opera House on Friday.
The results of the annual sealed tender are always kept under wraps.
All Mr Davies will say of the total value of the 64 stones in the 2015 offer, comprising 44.14 carats, is it involves “lots of zeros”. The success of Rio Tinto’s marketing for coloured diamonds has been such that pinks and reds are worth more per carat than traditional brilliant whites. Viewings of the diamonds by potential bidders, which are strictly by invitation only, commenced this week in Sydney, and will continue in Hong Kong, New York and Perth before the tender closes on October 21.
I have bought several coloured diamonds from Northern Cross Diamonds. I have found that Northern Cross gets me the best prices -- even when the diamonds come from another vendor and are listed with the other vendors at a higher price. Stephen Mitanidis has spent hours of his time educating me on coloured diamonds and helping me to choose diamonds that have the best investment potential. He has also allowed me to trade coloured diamonds that I own for coloured diamonds that I want and has assured me that Northern Cross will help me to sell my coloured diamonds if I choose to do so. If you buy a coloured diamond, I recommend that you consider showing it to your family members and friends. Most of them will be impressed with how it looks and might want to seize the opportunity to buy one or more before the value of coloured diamonds appreciates further.
My husband and I chose NCD to assist us in finding the perfect engagement ring that would compliment my style. We mostly dealt with Stephen who was very knowledgeable and really took the time to listen to what I was looking for and offered a really great selection of options to choose from. Thank you Stephen and NCD; I couldn't be any happier with my brand new canary yellow diamond ring. You wouldn't believe the compliments and interest that people give it. I just love it!! Thank you again for everything!
For several months I had considered investing in Fancy Colored Diamonds. I heard all the negative jargon about unscrupulous people in the diamond business and how you could be taken to the cleaners, sort of speak. However, I called Northern Cross Diamonds and spoke to Stephen who is the owner. My experience with him from the early process to the actual purchase of a Fancy Colored Diamond from him was quite a journey. He urged me before buying the diamond to do my own due diligence by comparing the price and quality. Needless to say I did not find one of like shape, color, clarity or price that would have changed my decision. If you would like to speak to me directly for more information you can get my telephone number from Northern Cross.
We accept Credit Card, Wire Transfer payments and provide Free, Fully Insured, Trackable Shipping to anywhere in the world.
All of our diamonds are Guaranteed Natural Coloured are GIA certified and 100% Conflict-Free.
Northern Cross Diamonds fully stands behind every single product that we sell. If you are unsatisfied with any portion of your transaction we will provide a 100% refund of our product within 30 days of purchase. No questions asked and no obligations. That is our promise to you.