Are Argyle diamonds worth buying?

Are Argyle diamonds worth buying?

Fancy colored Argyle diamonds are considered so valuable that the mine reserves 40 to 60 of its finest discoveries each year to auction them off to a private group of about 150 diamond buyers. This exclusive annual event is called the Argyle Diamond Tender.

How much is an Argyle diamond worth?

As expensive as “regular” pink diamonds are, certified Argyle pink diamonds are even more expensive. While a 1 carat fancy pink (not a round) could go for roughly $140,000 to $180,000—depending on the quality of the color—a similar Argyle stone would easily fetch over $200,000.

Why is the Argyle Diamond Mine closing?

Reason for the closure Despite this, the increasing operation cost and a stagnant diamond market, are forcing Argyle mines to close by 2020. Another reason for the closure is that the mines are so deep now that further excavation is unviable.

How much are white Argyle diamonds worth?

For an argyle diamond price will start at 80,000$ per carat and can go up to a million dollars per carat.

Will Argyle diamonds increase in value?

Over the past 12 months fancy pink diamonds have risen in value by 23%, fancy intense pinks are up 29% and fancy vivid pinks have climbed in value by 39%. In 15-year terms, those numbers are 310%, 367.4% and 413%.

Will the Argyle mine reopen?

Argyle 2.0 looks like it’s not happening. Rio Tinto Diamonds has no intention of reopening the celebrated diamond mine in western Australia, despite the current market mania for the small diamonds that the mine regularly produced, a company source tells JCK.

Are pink diamonds worthless?

The pink diamond is one of the rarest colored diamonds that exist – rarer than every type of colored diamond, apart from red diamonds. Their rarity means pink diamonds are exceedingly valuable. A high-quality pink diamond with an intense shade can cost up to $700,000 per carat.

How do you sell pink Argyle diamonds?

Selling your pink diamond through a reputable public auction house. This option will take several months and auction fees need to be taken into consideration. Putting your pink diamond on consignment through a retail Jeweller.

Do pink diamonds go up in value?

The price of pink diamonds has risen significantly in the past 12 months, delivering an average return on investment of 30 per cent, the inaugural Australian Diamond Portfolio Pink Diamond Index (ADPPDI) shows. This sharp increase has accelerated since Rio Tinto closed the Argyle mine in Western Australia in late 2020.

Is pink Panther diamond real?

Mining giant Rio Tinto said Wednesday it has unearthed a “remarkable” 12.76 carat pink diamond in Australia, the largest of the rare and precious stones ever found in the resources-rich nation.

How much does a 5 carat pink diamond cost?

It sold for $2.9 million, or $583,551 per carat, at the Bonhams London’s Fine Jewellery auction Sept. 26. This 5.03-carat fancy pink diamond sold for $583,551 per carat at Bonhams London last week, setting an auction world record for per-carat price for a fancy pink diamond.