Million Dollar Pinks to Sparkle in Diamond Auction Tonight

Lloyds Auctioneers and Valuers

Some of the finest and rarest premium tender pink diamonds to go to auction in Australian history will be going under the hammer in a National online auction tonight at Lloyds.

Two extremely rare Argyle Pink Diamonds usually sold by tender, are going up for auction and are expected to fetch over a million dollars between them.

The pink diamonds up for auction all originate from Western Australia and are considered the most desired and admired diamonds in the world representing less than 0.1% of all diamonds. Their annual production of pink diamonds would fit in the palm of your hand.

“Both of these diamonds are expected to achieve such high values due to their colour, size, quality and rarity,” said Mr. Lee Hames, Chief Operations officer for Lloyds Auctions.

“With the closure of Western Australia’s Argyle, mine, the world’s largest coloured diamond mine, pink diamonds are only going to become rarer,” continued Mr. Hames.

The 0.50 carat and 0.44 carat pink diamonds both come with Argyle certification and are GIA graded in the colour Fancy Vivid Purplish Pink.

These two diamonds are amongst some of the rarest diamonds in the world with coloured diamonds becoming increasingly popular for investment reasons.

It comes not long after the closure of the largest diamond mine in Australia responsible for 90% of the worlds output of pink diamonds after nearly 4 decades of operation.

The closure of Rio Tinto’s Argyle Mine in Western Australia has hit news headlines worldwide and prompted speculation about the value of investing in coloured diamonds.

“These pink diamonds are beyond rare and are in extremely high demand world-wide, so we feel honoured to see one a year but to have a few in the same auction is a privilege,” said Mr. Hames.

“We predict that these pink diamonds will sell far exceeding their valuations due to the closure of the mine, and the interest we have receiveed worldwide so far,” he continued.

The pink diamonds along with other prestige items of high-end jewellery including Rolex watches rare coins and banknotes, Star Wars Darth Vader helmet signed by David Prowse and more will be up for auction tonight Wednesday the 31st of March at 7pm at www.lloydsauctions.com.au

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