Rio Tinto’s largest red diamond goes on display in New York

The Argyle Everglow

Rio Tinto has exhibited the largest Fancy Red diamond in the history of its Argyle Pink Diamonds Tender at a world exclusive preview in New York.

The 2.11 carat gem, named ‘The Argyle Everglow’, is the centrepiece of the 2017 Argyle Pink Diamonds Tender – an annual showcase of the rarest diamonds from Rio’s Argyle mine in the East Kimberly region of Western Australia.

The Gemological Institute of America (GIA) classified the gem as a notable diamond with a grade of Fancy Red VS2.

Argyle Pink Diamonds manager Josephine Johnson said The Argyle Everglow “represents rarity within rarity” of diamonds, and will drive the global demand from collectors.

Rio Tinto Copper and Diamonds chief executive Arnaud Soirat said, “We are delighted to announce this historic diamond at our Tender preview, a testament to the unique Argyle ore-body that continues to produce the world’s rarest gems.”

Over the Tender’s 33-year history, less than 20 carats of Fancy Red certified diamonds have been sold.

This year’s Tender features 58 diamonds weighing a total of 49.39 carats. It includes four fancy red diamonds, four Purplish Red diamonds, two Violet diamonds and one Blue diamond.

The 2017 Argyle Pink Diamonds Tender will be exhibited in New York, Hong Kong and Perth, with bids to close on October 11 2017.

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