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Entries in Argyle (45)

Tuesday
Jul092013

Argyle pink diamonds get heart of stones beating

Rare pink, red and blue Argyle diamonds. 

IF diamonds are a girl's best friend, to use the well-known refrain, then a pink diamond is a soulmate - an exceedingly rare find. It was certainly the rarest of finds for global mining giant Rio Tinto in 1979 in Smoke Creek in Western Australia's Kimberley, a region of rugged yet breathtaking terrain.

Exploration crews were working their way along that creek on October 2, 1979, when one of the geologists saw a small diamond embedded in an anthill. Thus began the start of the Argyle diamond mine and a multi-billion-dollar industry.

Diamond enthusiasts marvel at the sparkle and attraction of a white gem, but the precious pink stones are truly unique and they comprise less than one-tenth of 1 per cent of Argyle's annual diamond production.

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Tuesday
Jun182013

"Grading the Graders", well worth the read.... - a report by the Rapnet Team.

RAPAPORT... No two diamonds are alike and it seems neither are their grading certificates. A survey by RapNet – the Rapaport Diamond Trading Network, found significant differences between laboratories grading the same diamond. 

While there is a common language used in the grading of diamonds, there are clear inconsistencies in the use of that language, concluded Saville Stern, chief operating officer of RapNet. Stern oversaw the study and presented its findings at the fourth annual Rapaport Diamond Certification Conference in Las Vegas on June 2.  

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Monday
Nov052012

Equity Markets or Fancy ARGYLE Pink Diamonds?

Mandy Drury was standing in front of the big board of about 450 stocks at the CNBC studio. All stocks were heavily in the red. The market was down over 200 points. There was an air of nervousness as we were witnessing the worst selloff in the market in four months.

The market seemed to be paying homage to the 25th anniversary of Black Monday, the 19th of October, 1987, when the Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (22.61%).

I thought, nothing out of the ordinary had transpired - General Electric and McDonald’s missed analyst expectations, notwithstanding that they still reported respectable earnings. It was Google though that really made people sit up

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Wednesday
Oct312012

PRICE OF ARGYLE PINK DIAMONDS CONTINUES TO RISE

The strong prices generated by the recent Rio Tinto 2012 Argyle Pink Diamonds Tender provided further evidence of the increasing value of the rare gemstones.

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Tuesday
Oct232012

Rio Tinto announces winning bids for its iconic red, pink and blue diamonds

22 October 2012

Rio Tinto's 2012 Argyle Pink Diamonds Tender, the most exclusive diamond sale in the world, has demonstrated strong global appeal and delivered an exceptional result for its iconic gems.

Bids for this year's Tender collection of 56 single pink diamonds, including two red diamonds and an additional 19 lots of blue diamonds from Rio Tinto's Argyle Diamond Mine in Western Australia, closed on October 15th. The collection was keenly contested with the final results demonstrating continued strong price appreciation.

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