Argyle Phoenix Sells for More Than $2 Million at Tender

Rapaport reported that the Argyle Phoenix, the top lot at Rio Tinto plc’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle Pink Diamonds tender, sold for more than $2 million. The sale consisted of 64 diamonds from the Argyle mine.

As quoted in the market news:

According to the company’s estimations, the Argyle Phoenix, a 1.56-carat, fancy red diamond, achieved the highest per carat price for a diamond ever produced from the Argyle mine, while the Argyle Dauphine, a 2.51-carat, fancy deep pink diamond, broke the record for the highest price paid for an Argyle diamond in value as well as setting a world record for a fancy deep pink diamond. The company did not disclose the final sale amounts.

Click here to read the full Rapaport report.