One of the Last Argyle Pinks Leads Online Auction
August 07, 24
(IDEX Online) - A loose 0.94 carat Argyle Pink - one of the last recovered from the iconic mine in Western Australia - is being sold at auction.
It is the highlight of a 416-lot online event (ending 11 August), featuring many items that belonged to Graham Jackson, former owner of Loloma Jewellers, located in Townsville, Australia, who died aged 92 in May.
The cushion cut fancy intense VS1 gem is designated as 6P - 6/10 for intensity of hue and P for pink as the dominant hue.
It was sold at the 2021 Argyle Pink Tender-Rio Tinto's Final Collection, the last tender from the mine, which closed in November 2020 after 37 years, during which it produced 90 per cent of the world's pink diamonds.
The stone is being sold by Sydney-based First State Auctions, with an estimate of AUD$700,000 to AUD$800,000 (US$455,000 to U$520,000).
Last January Tiffany & Co. has bought a parcel of 35 Argyle pinks - from 0.35 carats to 1.52 carats - for "select clients".
Pics courtesy First State Auctions.