Hand-picked guests gather in Hong Kong to see rare pink diamonds
HONG KONG (REUTERS) - The Argyle Pink Diamond Tender, showcasing the finest coloured diamonds from Rio Tinto Ltd's mine in north-west Australia, opens its doors to about 100 carefully selected gem enthusiasts in Hong Kong this week.
Jewellery makers, connoisseurs, collectors and investors - by invitation only - will view the 64 diamonds of this year's tender, which have a combined weight of 54.99 carats.
Besides 58 gems in various hues of pink, the catalogue features three blue and three exceedingly rare "Fancy Red"diamonds, one the biggest ever to be displayed at the tender.
Rio Tinto believes the United States will remain its key market for diamonds but China is growing fast as the increasing affluence of the country's middle-class drives up demand.