Argyle’s Annual Tender for Pink Diamonds

Pink DiamondsIf you have heard of the Argyle Mine, it is most likely you will associate the name with pink diamonds. The fact is that the Australian mine is the largest diamond producer by volume in the world, with an average annual production of 35 million carats! Although most of the rough uncovered is not of gem quality, the Argyle mine is the only significant source of pink diamonds – accounting for more than 90% of world supply.

Every year, the top 55 – 60 polished pinks are gathered together for The Tender, which is a private invite-only auction for select dealers around the world. There is usually a varied selection in the shades of pink; from strawberry to bubble-gum to cherry pink and red. The minimum carat weight is 0.5ct, and goes up to around 2-4. The diamonds that make it into this category are truly one-in-a-million, because for every million carats mined in the Argyle, only one qualifies to be in The Tender. The bidders and bid prices remain undisclosed, but Argyle Mine officials have commented vaguely that the average price is around $100,000 plus per carat.

Here at Secret Sapphire, we have a Monica Tsao custom designed Argyle half carat fancy pink diamond ring on display. If you love the idea of pink diamonds but having one as a center stone is not in your budget, Monica can work with you to design your own ring with pink accent diamonds. Call 604 558 – 3638 to book an appointment or drop by our Yaletown location.