News Archives

: Category: News Archives; Created: 18 May 2021; Hits: 413

May 18, 21 by John Jeffay

(IDEX Online) - The final collection of pink and other rare diamonds from the iconic Argyle mine is to be sold, with bids closing on 1 September.

It marks the end of an Tera for the deposit in the in the remote east Kimberley region of Western Australia, which has provided the overwhelming majority of pink diamonds globally since 1982.

Seventy diamonds with a combined weight of 81.63 carats will be offered to an invitation-only elite of buyers at the 2021 Argyle Pink Diamonds Tender.

The headline lot, (pictured) the 3.47-carat Argyle Eclipse, is the largest fancy intense pink diamond ever offered at the tender.

Sinead Kaufman chief executive of the mine's owner, Rio Tinto Minerals, said: "I am delighted to launch this historic collection of extraordinary diamonds, a testament to the amazing Argyle ore body and the men and women who have worked so hard to bring these diamonds to market."

In addition to the pink tender, 41 lots of Argyle blue and violet diamonds, weighing 24.88 carats in total, are also to be sold.

Jewelry historian Vivienne Becker said: "This final epoch making offering of pink, red and blue diamonds encapsulates the near-impossible rarity and compelling beauty of the natural treasures gifted to the world by the east Kimberley region of Western Australia."...

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: Category: News Archives; Created: 17 May 2021; Hits: 478

Spot gold added 1.3% to $1,867.53 an ounce by 2:02 p.m. in New York, after earlier reaching $1,868.49, the highest since Feb. 1. Futures for June delivery on the Comex rose 1.6% to settle at $1,867.60 an ounce. Spot silver, palladium and platinum also advanced. The Bloomberg Dollar Spot Index fell 0.2%.

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: Category: News Archives; Created: 17 May 2021; Hits: 446

The Fed has created trillions out of thin air to boost the speculative wealth of Wall Street, but it can't print experienced workers willing to work for low wages.

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: Category: News Archives; Created: 17 May 2021; Hits: 504

The move to blast Bezos in front of his home comes as President Biden and Democratic lawmakers are looking to to raise taxes on corporations and those making over $400,000 in order to pay for $2 trillion infrastructure proposal.

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: Category: News Archives; Created: 16 May 2021; Hits: 544

The Fed weakens the dollar—and pushes prices higher—by creating new money and pushing it out into the economy. If the Fed hits its stated target, the U.S. dollar will lose 10% of its buying power over the next 5 years, 26% over the next 15, and 40% over the next 25. As bad as that sounds, history suggests the dollar will fare even worse than the Fed intends it to.

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Diamond News Archives

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