Million dollar red diamond coin sold

The Perth Mint has sold the $1 million dollar Argyle red diamond coin within two days of its release.

The coin, dubbed the ‘The Kimberly Treasure’, is made from 99.99 per cent pure gold, and is embedded with a 0.54 carat red diamond from WA’s Argyle diamond mine.

It features a circular pattern of sunbeams around a jumping red kangaroo that is holding the gem in its two front paws.

Ashish Vijay Jain, chairman of Tiara Gems and Jewellery DMCC, bought the coin. The company specialises in rare coloured diamonds, unique collectables, and fine jewellery heirloom pieces.

“With an appreciation for Western Australia and its rare treasures, we are honoured to bring this prestigious collectable to Dubai, the luxury hub of the Middle East,” Jain said.

Perth Mint CEO Richard Hayes said he was delighted the coin had attracted interest from investors and collectors, with several interested parties vying to attain it.

“This is a testament to the coin’s status as an object of desire and it has certainly found an ideal home in Dubai,” he added.

The Kimberley Treasure coin will be on display in The Perth Mint Shop, 310 Hay Street, East Perth, until Sunday 14 August.

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