Singapore-based jeweller pays record $2.5m for Rio Tinto's rare pink-hued diamond
SYDNEY (AFP) - The annual sale of Rio Tinto's rare pink-hued diamonds attracted unprecedented interest with at least two of the stones fetching record prices of over US$2 million (S$2.5 million), the mining giant said on Monday.
The 2013 Argyle Pink Diamonds Tender of 64 red, pink and blue stones drew a record number of bids over US$1 million from established markets such as Japan and Australia as well as emerging markets China and India.
The highlight was the Argyle Phoenix, a 1.56 carat gem and one of three Fancy Red diamonds on offer, which sold for more than US$2 million to a Singapore-based jeweller, the highest per-carat price paid for any diamond ever produced from Rio's Argyle mine in Western Australia.
The exact price was not disclosed due to client confidentiality.