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$100M of Coloured Diamonds put on display

Australian jeweler Linneys is showcasing $100 million worth of jewelry featuring rare colored diamonds from the Argyle mine, Rapaport reported in a press release.

“The highlight of the collection is a ring containing the Argyle Violet, a 2.83-carat fancy deep grayish bluish violet diamond that Rio Tinto recovered from the iconic mine in Western Australia. The stone — the top diamond from the 2016 Argyle Pink Diamonds Tender — is surrounded by 10 round vivid pink diamonds from Argyle, which together weigh 0.83 carats, and two heart-shaped Argyle vivid pink diamonds weighing a combined 0.67 carats.

The Argyle Violet is extremely rare: last year Rio Tinto said the mine had yielded only 12 carats of polished violet diamonds in 32 years of the annual tender. New York-based L.J. West Diamonds bought the stone last year for an undisclosed amount.” said Rapaport.

“Featuring the finest colored diamonds from the Argyle diamond mine and across the globe, this exclusive showcase represents rarity never before seen,” said David Fardon, director of Linneys. “This is the first time in Australia we have seen a jewelry collection valued in excess of $100 million.”

Source – Rapaport