Shocking Pink: Argyle Stones Should Rocket In Value After Mine Closes

By Hedda Schupak, Editor, The Centurion |  July 25, 2018

Sydney, Australia—Natural color diamonds allow luxury jewelers to offer clients something that’s both unique and that can’t be shopped online. But the window of opportunity to buy pink, purple, or red diamonds may be closing very soon, warns Russell Shor, senior industry analyst for GIA (Gemological Institute of America). Australia’s Argyle mine, the premier source of these colors, is almost tapped out. While a closing date hasn’t been announced, Shor predicts it may come even as early as 2020. Left: the 2.28-ct. oval Argyle Muse, one of the named “hero” stones in the 2018 Argyle Pink Tender, is the largest and only fancy purplish red diamond over two carats ever offered in an Argyle Tender.

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The Argyle Violet and Argyle Thea among the 2016 Argyle Tender Hero Stones