Category Archives: ARGYLE

Lucapa finds another massive diamond at Lulo, biggest pink yet

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Australian Lucapa Diamond (ASX:LOM) has unearthed yet another massive, this time a  38.6-carat pink diamond, at its Lulo project in Angola.

The coloured stone is the largest “fancy” pink diamond recovered to date from Lulo, surpassing the 28.5-carat, said the company, which sold it earlier this week as part of a parcel of other rocks for a total of $5.8 million.

The Lulo diamond project, located 150km from Alrosa’s Catoca mine, the world’s fourth largest diamond mine, hosts type-2a diamonds which account for less than 1% of global supply.

The 38.6-carat pink diamond was sold earlier this week as part of a parcel of other rocks for

a total of $5.8 million.

Lucapa holds a 35-year license for the project, which recently bore a 404.2-carat white diamond, considered the largest diamond ever recovered in Angola and the biggest diamond ever found by an Australian company.

Angola is the world’s No.4 diamond producer by value and No.6 by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully emerging from a long period of difficulty as a result of a civil war that ended in 2002.

Earlier this year, the government reduced taxes and cut state ownership requirements to rekindle the industry after the global financial crisis forced mines to close.

The world’s biggest pink diamond found to date was unearthed at Rio Tinto’s Argyle mine, weighing 13 carats.

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Henry Sapiecha

Argyle champagne diamond raises money for Women in Mining internship

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A champagne diamond from Rio Tinto’s Argyle Diamond Mine has been used to raise funds to sponsor a female mining intern from London’s Imperial College.

The Rio Tinto internship was announced at a Women in Mining event on the side-lines of Europe’s leading mining investment and capital raising conference, the Mines and Money conference in London.

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Rio Tinto’s Diamonds and Minerals vice president of Human Resources, Gina Jardine said “we are delighted to support Women in Mining and look forward to providing the successful intern with a rich experience and exposure to Rio Tinto’s global business.”

Ms Jardine also spoke about the links between Argyle diamonds and women’s empowerment including the location of the Argyle Diamond Mine on a sacred women’s site and their participation in the economic benefits of diamond mining, along with having a voice in the mining decisions that affect their interests.

Henry Sapiecha

ARGYLE PINK DIAMOND RING STOLEN IN SYDNEY AUSTRALIA FROM AUCTION CENTRE

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Police appeal after diamond ring worth $577,000 stolen – Alexandria

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Sunday, 28 September 2014 04:06:38 PM

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Police are appealing for public assistance after a unique diamond ring worth more than half a million dollars was stolen from an auction centre at Alexandria yesterday.

Between 12.30pm and 1.25pm (Saturday 27 September 2014), a pink argyle and white diamond ring valued at $577,000 was stolen from a display counter at an auction centre on Ralph Street.

An attendant discovered the ring missing and contacted police.

Officers from Redfern Local Area Command commenced an investigation into the theft and are appealing for any witnesses to come forward.

It’s estimated about 100 people walked through the auction centre during the time it was stolen.

Each of the diamonds in the ring is laser inscribed with a serial number.

Police are urging anyone with information about this incident to call Crime Stoppers on 1800 333 000 or use the Crime Stoppers online reporting page: https://www1.police.nsw.gov.au/. Information you provide will be treated in the strictest of confidence. We remind people they should not report crime information via our Facebook and Twitter pages.

A unique pink Argyle and white diamond ring valued at $577,000 has been stolen from an auction centre in Sydney, Australia.

The piece of jewellery ring was snatched from a display counter around noon on Saturday and police have been unable to find it so far.

Each of the diamonds in the ring is laser inscribed with a serial number, New South West Police said in a statement Sunday.

Henry Sapiecha

SMALL 1.56CT PINK ARGYLE DIAMOND GETS OVER $2M IN SALE TO OVERSAEAS BUYER IN AUSTRALIA

ARGYLE PINK DIAMOND FETCHES OVER $2M IN AUSTRALIA BY OVERSEAS BUYER

The Argyle Phoenix, a 1.56 carat Fancy Red diamond, fetched the highest per carat price for a diamond ever produced from the mine.

Rio Tinto has sold a rare Argyle diamond for a record $2 million as overseas buyers snapped up dozens of precious stones in this year’s Pink Diamonds Tender.

The tender of 64 pink, red and blue diamonds set a string of records for Rio, including the highest price for a diamond from the Argyle mine in the Kimberley region of Western Australia.

The Argyle Phoenix, a 1.56 carat Fancy Red diamond, fetched the highest per carat price for a diamond ever produced from the mine.

Bids broke through the $US2 million ceiling and there were a record number of bids above $US1 million for other single stones.

‘‘We are delighted with the results for the 2013 tender collection which are a reflection of their rarity, provenance and global reach,’’ Rio Tinto Diamonds managing director Jean-Marc Lieberherr said.

Many of the diamonds fetched prices above pre-tender estimates, reflecting increasing demand from the world’s top jewellers, designers, collectors and connoisseurs, he said.

All of the 64 diamonds in the 2013 Tender were sold.

‘‘Both established and emerging markets were well represented in the winning bids,’’ Rio said.

Argyle produces around 90 per cent of the world’s rare pink diamonds and is the world’s largest supplier of natural coloured diamonds.

In April Rio opened its new $2.2 billion underground diamond mine at Argyle amid predictions it will produce up to 20 million carats per year and extend the overall mine life until 2020.

In June the company took its global diamonds business off the market following a strategic review.

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Henry Sapiecha
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