AuctionsAug 07, 2024
Argyle Pink Diamonds Go Up for Auction in Australia AuctionsAug 14, 2024
Argyle Pink from Final Tender Goes Unsold in Australian Auction
The featured lot was estimated to fetch up to half a million dollars.
A 0.94-carat Argyle pink diamond that did not sell at First State Auctions’ recent sale featuring several stones from the Argyle mine.
Sydney—An Argyle tender diamond, the highlight of a recent sale by First State Auctions, did not sell, according to its website.
The 0.94-carat radiant-cut fancy intense pink diamond with VS1 clarity was estimated to sell for $700,000 to $800,000 Australian dollars, or approximately $457,000 to $522,000 at current exchange rates.
This marks the first time a stone from the Argyle mine’s last tender, held in 2021, has been offered at public auction, according to the Sydney-based auction house.
The sale also featured several other Argyle pink diamond offerings, some from the estate of the late founder of Australia jewelry company Loloma Jewellers.
Lot 99, a 0.50-carat radiant-cut pink diamond with 4BP color, which the auction house said has been designated as 4PR and SI2 clarity, was offered with an Argyle Pink Diamond Certificate.
It sold for AU$22,500, or approximately $14,887.
Lot 37, a 1.14-carat emerald-cut pink diamond with PC2 color and SI2 clarity, was offered with an Argyle Pink Diamond Certificate.
It sold for AU$30,500, or about $20,180.
Lot 82, a 0.33-carat round brilliant-cut fancy deep pink champagne diamond with PC3 color and P1 clarity, was offered with a Gem Studies Laboratory (GSL) report.
It sold for AU$7,400, or around $4,896.
The following Argyle lots did not sell:
Lot 8, a 1-carat radiant-cut pink diamond with 2BP color, which the auction house said has been designated as 2PR and SI1 clarity, with an Argyle Pink Diamond Certificate;
Lot 17, a 1.14-carat round brilliant-cut pink diamond with 3PR color and P1 clarity, with a GSL origin report;
Lot 24, a diamond ring set with a 0.97-carat radiant-cut diamond of 6PR color and P1 clarity; and
Lot 46, a 0.25-carat loose round brilliant-cut fancy vivid purplish pink diamond.
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The 0.94-carat radiant-cut fancy intense pink diamond with VS1 clarity was estimated to sell for $700,000 to $800,000 Australian dollars, or approximately $457,000 to $522,000 at current exchange rates.
This marks the first time a stone from the Argyle mine’s last tender, held in 2021, has been offered at public auction, according to the Sydney-based auction house.
The sale also featured several other Argyle pink diamond offerings, some from the estate of the late founder of Australia jewelry company Loloma Jewellers.
Lot 99, a 0.50-carat radiant-cut pink diamond with 4BP color, which the auction house said has been designated as 4PR and SI2 clarity, was offered with an Argyle Pink Diamond Certificate.
It sold for AU$22,500, or approximately $14,887.
Lot 37, a 1.14-carat emerald-cut pink diamond with PC2 color and SI2 clarity, was offered with an Argyle Pink Diamond Certificate.
It sold for AU$30,500, or about $20,180.
Lot 82, a 0.33-carat round brilliant-cut fancy deep pink champagne diamond with PC3 color and P1 clarity, was offered with a Gem Studies Laboratory (GSL) report.
It sold for AU$7,400, or around $4,896.
The following Argyle lots did not sell:
Lot 8, a 1-carat radiant-cut pink diamond with 2BP color, which the auction house said has been designated as 2PR and SI1 clarity, with an Argyle Pink Diamond Certificate;
Lot 17, a 1.14-carat round brilliant-cut pink diamond with 3PR color and P1 clarity, with a GSL origin report;
Lot 24, a diamond ring set with a 0.97-carat radiant-cut diamond of 6PR color and P1 clarity; and
Lot 46, a 0.25-carat loose round brilliant-cut fancy vivid purplish pink diamond.
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