Most of the pink and red diamonds available today come from the Argyle Mines in Australia. The Australian aboriginal people have an ancient myth about how the diamonds came to the area: A type of fish called a barramundi is being chased by a group of old women. The barrimundi swims into a cave and the women set up their nets at the mouth of the cave, waiting for the fish to return. When the fish cannot find a way out, she swims back to the entrance and leaps over the women, shedding some of her sparking scales. The scales become the diamonds which are found in the area traditionally called Barrimundi Gap – the location of today’s Argyle Mines.
The pink diamonds themselves are rare – one tenth of one percent of the annual yield of all Argyle diamonds. Red diamonds are even rarer. Since Argyle Mines was opened in 1983, there have been only six red diamonds offered. This year there are three red diamonds up for sale – increasing Argyle’s all-time figure for red diamonds by 50% with a single tender.
The largest of the three red diamonds is named the Argyle Phoenix – a 1.56 carat fancy red diamond. It joins five other unique diamonds that were given names as the centerpieces of this year’s tender.
Do you want to own the Argyle Phoenix? Sorry – Argyle Mines’ diamonds have traditionally been sold at closed tenders: invitation only. Another Rio Tinto-owned mine in Canada just changed their annual diamond sale to an open-auction model, however, so you never know. Maybe in a few years some rare red diamonds will make another appearance – this time a public one.
Images from Argyle Mines website: http://www.argylepinkdiamonds.com
A 34.65 carat Fancy Intense Pink Diamond was sold at a Christie’s auction last month for a record-breaking 39.3 million USD – the highest price for any jewel ever sold by Christie’s.
The Princie Diamond originated from the Golconda mines in India, and was owned by Indian nobility. The last recorded individual owner was the Nizam of Hyderabad – the ruler of one of the Indian states before Indian independence. It was sold in 1960 to Van Cleef and Arpel’s for 46,000 pounds, which would be the equivalent of 1.3 million dollars today. In the past 50 years, the jewel has increased to 30 times its value.
The diamond was also named after Indian nobility. Shortly after Van Cleef purchased the pink diamond, they had a party at their Paris offices, to which two special guests were invited: Maharani Sita Devi, wife of the Maharajah of Baroda and one of the most glamorous women in Indian history, and her son, the 14-year old Prince Sayaji Rao Gaekwad of Baroda. The prince’s nickname was, appropriately, “Princie,” and the Van Cleef hosts decided to name the diamond after him.
- Maharani Sita Devi, her husband the Maharajah of Baroda, and their son Princie
With last month’s sale, the Princie pink diamond passes from the hands of Indian nobility and their associates (Van Cleef and Arpel’s set many of the jewels from the Baroda treasury into new settings for Sita Devi when she and her husband left the country) to American anonymity. The new owner of the Princie diamond is an anonymous phone bidder.
Will the Princie diamond ever come out of the shadows onto the market again? And how much will it be worth then? Only time will tell…
Princie Diamond image from http://www.christies.com
Baroda royal family image courtesy of Amita Roy’s page https://www.facebook.com/TheroyalIndia
“Diamonds are a girl’s best friend” we often hear that phrase – but today, diamonds are no longer looked upon as a status possession alone or a fad, but also as an investment asset. This is hardly surprising because the price of diamonds does not depend on the price of any other form of assets. The other advantage that diamonds hold is that the fluctuation in their price is much less when compared to other assets and more and more people are now investing in colored diamonds. Continue reading
French Emperor and military leader Napoleon Bonaparte’s engagement ring to his wife Josephine sold for nearly $100 million in a Fontainebleau auction house, among a 300-strong audience in the outskirts of Paris on March 24.
The auction was a big affair, with as many as 50 global bidders who called in over phone and 40 written bidders from the United States alone. The pre-sale estimate had been $20,000 and the final bid that ended the auction was $949,000, as much as fifty times more than the estimate. Continue reading
Many women will agree with Marilyn Monroe that ‘diamonds are a girl’s best friend’. Brilliant, beautiful, rare, expensive and unbreakable, they are symbols of the eternal. But diamonds have had many other meanings and uses in history that we may not know about. So here is an opportunity to test and increase your knowledge on the history of diamonds. Continue reading
Israel’s Kishon River is being combed by the Shefa Yamim Company for diamonds, based on a 1988 comment by the late Lubavitch Rabi that there are diamonds in Israel and they are buried in the valleys and streams around the city of Haifa.
Since then the river has already yielded diamonds and other associated minerals, and this has led the company to decide to issue $100 million stocks in the next few months to discover more diamonds in Israel. Continue reading
A perfect anniversary diamond ring
Whether you are marking your first year together or celebrating 25 or 50 years of your wedded life, our diamonds are the perfect gifts with which to represent the love you share. If you are strapped for anniversary gift ideas, you should know that you’ll never go wrong with diamonds. Anniversary diamond rings are perfect symbols of renewed commitment. The ring denotes the endless and renewing nature of true love.
No matter how big or small the celebration, whether it is a 25-year old milestone celebrated in style or a more low-key 12th anniversary, you can count on our diamond rings to add that extra sparkle to your special day. Check our selection of rings to find the ring that she can wear along with her wedding ring. Or you could buy her a standalone anniversary ring with a show-stopping diamond to replace her wedding band. It doesn’t matter what occasion, you’ll find the perfect diamond ring for your favorite woman. Browse a stunning collection of diamond rings in a range of breathtaking cuts. The perfect anniversary diamond ring for your partner is in there somewhere.
If you are buying colored diamonds
for a loved one, you should know that the color you choose will carry a meaning with it. This article will show you how to choose colored diamonds so that the message you are giving your loved one is special and personal to your relationship. So read on to learn about diamond colors and meanings… Continue reading
Diamond colors and their meanings
Colored diamonds are truly rare. For every 10,000 carat mined, one carat of colored diamonds is mined. However once only accessible to royalty and people with wealth they are now within the reach of most of us less endowed mortals, and each diamond color has a specific meaning, representing the personality of the woman wearing it, and fortifying it.
Choosing colored diamonds can become a process of choosing attitudes and qualities that you want in your life. And some of these colored diamonds represent the several forms of power and confidence. We will be writing a series of posts regarding diamond colors and their meanings. Continue reading
Today, instead of a regular blog post, we have prepared a diamond size chart for you.
In this diamond size chart you will find the dimensions of an ideal cut diamond according to its shape.
The diamond size and weight may not be 100% accurate but this chart will help you estimate the carat weight of each diamond size and shape.
Let us know if you have any questions. Continue reading
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