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The four red diamonds that are part of Argyle's 2014 tender.



  Argyle's 2014 fancy color tender includes four rare red diamonds


October 2, 2014


As it does each year, Rio Tinto is putting up for tender a collection of fancy colored diamonds from its Argyle mine in Western Australia. This year the collection comprise 55 diamonds, among them 51 pink stones. It also will include a record four extremely rare red diamonds.

In the 30-year history of Rio Tinto's annual sale, only nine fancy reds have been put on tender and fewer than 30 have been graded by the Gemological Institute of America, Josephine Johnson, manager of Rio's Argyle Pink Diamonds division, told the AFP news agency.

The largest red diamond ever to be produced by the Argyle mine is the 1.56-carat Argyle Phoenix, which sold for more than $2 million to a Singapore-based jeweler about one year ago.

Headlining the 2014 collection is the 1.21-carat radiant-cut fancy red diamond, the Argyle Cardinal, named after the small red North American bird.

Other diamonds showcased in the collection, and in keeping with the theme of rare and beautiful birds from around the world, are the Argyle Rosette, a 2.17-carat, fancy intense purple-pink emerald-cut diamond, and the Argyle Toki, a 1.59-carat, fancy intense purplish-pink emerald-cut diamond.

Fewer than 1 percent of the world's 140 million carats of diamonds are pink and more than 90 percent of them are from Rio Tinto's Argyle diamond mine in Australia.

Bidding for the Argyle collection closes on October 8.

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