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leFTFIelD

Pink diamonds set to

fetch $1 million at auction

ith the closure of Western Australia’s your hand. a privilege,” Lee Hames, chief operations
WArgyle mine, the world’s largest col- It comes not long after the recent an- officer for Lloyds Auctions, said.
oured diamond mine, pink diamonds were nouncement declaring the closure of Rio “We predict that these pink diamonds
expected to sparkle at an auction at the Tinto Ltd’s Argyle, the largest diamond will sell far exceeding their valuations due
time of print. mine in Australia. to the closure of the mine, and the interest
The pink diamond is one of the rarest The closure of Argyle – responsible we have had so far. We have two rings
in a world where coloured diamonds are for 90% of the world’s output of pink dia- featuring pink diamonds valued at nearly
becoming increasingly popular for invest- monds after nearly four decades of op- $600,000 as well as a solitaire brilliant cut
ment reasons. eration – has hit news headlines world- diamond worth over $350,000 from the
The pink diamonds up for auction all wide and prompted speculation about the Argyle mine, along with some other fea-
originated from WA and are considered value of investing in coloured diamonds. tured items within the auction.”
the most desired and admired diamonds “This pink diamond is beyond rare and In 2018, an auction house sold a Pink
in the world representing less than 0.1% is in extremely high demand worldwide so Legacy diamond for nearly $70 million,
of all diamonds. The annual production we feel very privileged to see one a year setting a world-record price.
of pink diamonds would fit in the palm of but to have a few in the same auction is

INDeX

Adriatic 120 Chesser 119 Lindian 8 S2 101
African Gold 59 Comet 19, 51, 77 Lucapa 22, 50 Salt Lake 6
Albemarle 110 Coronado 46, 116 Salternas 74
Alita 65 Mako 42-43, 58 Sandfire 71, 72, 105
Alkane 118 Danakali 6 Mali Lithium 65, 66 Sayona 112
Alta Zinc 120 Dateline 120 Marmota 120 Sirius 113
Altura 65, 112 Medusa 120 SQM 110, 120
Anglo American 19, 72 Endiama 51 Minbos 65 St George 12-15, 82
Antam 91 Exore 60 Mincor 82, 87, 99 Stavely 119
Apollo Consolidated 118-119 Minotaur 98 Strandline 38
Ardea 82 Fe 120 Mod 22, 72 Syrah 38, 71
Arrow 120 First Quantum 4, 32
Atlas 116 Force 77, 80 Newmont 49 Talisman 104-105
Auroch 98-99 Fortescue 18 Nickel Mines 46 Technology Metals 7
Australian Potash 6 Norilsk 18 Teranga 59
Galan 120 North American Lithium 112 Terramin 73
Bannerman 19 Galaxy 120 Northern Minerals 118 Theta 61
Barrick 32, 58, 60, 65, 120 Geopacific 120 Northern Star 107 Tianqi 110
Base 38, 46, 52, 68, 74, 80 Gold Fields 29, 30, 71, 80, 120 TNG 120
Battery Minerals 71 Gold Road 120 OceanaGold 120 Tsingshan 91
Bellevue 59, 120 Golden Rim 40 Orca 79
BHP 13, 39, 82, 87, 99, GTI 120 Orion 28-29, 48, 116 Vale 61, 91, 96-97, 111
101, 111, 117 Oro Verde 120 Vimy 10-11
Black Mountain 82, 89 ICL 113 Orocobre 120 Viva Energy 56
Black Rock 53 Independence 13, 19, 42-43, Oz 102-103 Volt 38
BlackEarth 54 82-83, 87, 99, 100-101, 103
Blackstone 86 Infinity 120 Paladin 10, 19 Walkabout 53, 80
Bligh 61 IronRidge 62 Panoramic 82, 94-95 West African 40, 120
Perseus 58 Western Areas 13, 15, 82-83,
Cameco 10 Jupiter 61 Pilbara 65 87, 101
Cannindah 120 Poseidon 82, 87, 88-89, 99, 120
Canyon 8 Kefi 49 Prospect 75, 117 Zeta 95
Cape Lambert 48 Kidman 87 Zimplats 75
Cardinal 32, 80, 120 Koppar 114-115 Resolute 4, 21, 22, 25, 27, 34,
Cassini 102-103 36, 38, 39, 42-43, 80
Catalyst 119 Largo 7 Rift Valley 8
Centamin 120 Latitude 75 Rio Tinto 19, 46, 117
Centaurus 96-97, 120 Legend 82, 100-101 Riversgold 120

Page 122 OCTOBeR 2019 aUSTRaLIa’S PaYDIRT