Of the 20 million carats of rough diamonds that are produced annually, less than 0.1% is pink. Argyle pink diamonds are rare; in fact they are beyond rare. With just an estimated half a decade of supply remaining in the mine, as time passes the Argyle pink diamond becomes evermore precious.
Although the Argyle mine supplies approximately 90% of the world's pink diamonds, astonishingly, a whole year's worth of production of stones over half a carat would fit in the palm of your hand. The larger rare violet diamonds would barely fill a teaspoon. Hence, they are highly sought after by investors, collectors, jewelers and their customers, and celebrities.
Prized by all who possess them; revered for their unique provenance, intrinsic beauty and extreme rarity.
Some Argyle pink diamonds never even make it into a jewelry setting - rather, they are purchased by collectors and held as an heirloom for future generations. Argyle Pink diamonds are beyond rare...
There are structural constraints that will limit the production of rare pink diamonds and contribute to a widening demand overhang, a steadily declining mineral reserve base, compounded by limited exploration success and relatively high barriers to entry. The chances of any future mine discovery replicating the unique properties of the Argyle Diamonds Mine, is extremely low.
Currently there are no other pink diamond mines or deposits, and even if another deposit of pink diamond-bearing ore is discovered, it takes on average 10 years for a mine to proceed from discovery to production.
Inventories of diamonds are at historically low levels with significant stockpiles reduced to working capital levels over the past decade.
The finest and rarest diamonds are reserved for the annual Argyle Pink Diamonds Tender, which over more than three decades, has established itself as the most exclusive diamond sale in the world. The Argyle Tender event highlights a small number of important diamonds that stand apart from their peers in terms of vibrancy and intensity of color.
Argyle pink diamonds are coveted by many, but owned by few. The tender is only open to specially selected diamantaires and collectors by invitation.
Private tender viewings are held in Hong Kong, New York and Sydney, with past tenders having traveled to Antwerp, Geneva, London, Tokyo, Singapore, Mumbai, Shanghai and Beijing. Around 150 connoisseurs, collectors and luxury jewelers are invited to place sealed bids on the diamonds. Prices for these diamonds can exceed millions per carat.