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Natural pink diamonds are some of the world's rarest and highly sought diamonds. The Argyle mine in Australia is the world's foremost source of unrivalled intense pink diamonds, producing 90% of the world's supply. However, an extremely small proportion of Argyle Diamonds production is Pink color, in fact less than one tenth of 1% is classified Pink.
The pink diamonds of other countries originating pink diamonds (Borneo, India, Brazil and South Africa) are characteristically light in color and pale even further when placed beside the intensely pink Argyle diamonds.
The Argyle pink diamond comes in shades ranging from delicate pastel rose to robust raspberry and full-blooded purple-reds. The prices per carat are determined by the intensity of color. Argyle selects only its most vibrant pink diamonds for polishing at its head office in Perth. There, the stones are polished in a wide range of cuts, such as round brilliant, marquise, oval and pear, to enhance their natural beauty. Polished pink diamonds are available in the same size ranges as traditional commercial sizes.
Beginning in 1985, the more exceptional polished pink diamonds from each year's production have been sold individually at special auctions known as "tenders." Viewings are held in New York, Sydney, Tokyo, Hong Kong, London and Geneva. Participation in these events is by invitation to the world's leading diamantaires and diamond jewellers.
The tendered pink diamonds have an average size of about 1 carat. Around 40 to 50 carats in total are sold at these auctions each year. Prices achieved are typically in excess of US$100,000 per carat.
To put the true rarity of these special "pink" diamonds into perspective, of every million carats of rough diamonds produced at the mine, a mere one carat is suitable for sale in one of these tenders. Since 1985, more than 750 stones have been offered for sale at the tender at a total weight of almost 600 carats.
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