Rio Tinto publishes pink guide

Rio Tinto has published Rare and Collectable - a guide to the 'unique market position' of Argyle pink diamonds.
Posted in News

 
Rio Tinto has published Rare and Collectable  – a guide to the“unique market position” of Argyle pink diamonds.
 
Timed to coincide with the 26th Argyle Pink Diamonds Tender, Rare and Collectable places “the rarity of Argyle pink diamonds in the context of global supply and demand and the resulting strong price appreciation”.
 
Jean-Marc Lieberherr, general manager for the sales and marketing of diamonds from all Rio Tinto’s mines, said Rare and Collectable provides an insight into the separate market position held by pink diamonds in comparison to its white counterparts, along with the compelling metrics that are driving the value of pink diamonds.
 
“In the rarified world of Argyle pink diamonds we are continuing to see strong demand in both the mature and emerging markets,” he said
 
“On the supply side there are no known pink diamond mines or deposits and even if another was found, it takes at least 10 years for a mine to proceed from discovery to production.
 
“These fundamentals are providing a catalyst for growth in investment demand and with only around a decade of remaining life at Argyle, these rare pink diamonds are becoming rarer,” he said.
 
Discovered in 1979, the Argyle Diamond Mine produces virtually the entire supply of the world’s pink diamonds.
 
The 2010 Argyle Pink Diamonds Tender will be available for appointment-only viewings in Perth (August 16-22), Hong Kong (September 13-20), Shanghai (September 27) and New York (October 12-17).

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