Lugaro Acquires Argyle Pink Diamond Collection—the rarest in the world

Pink diamonds are the most sought after diamonds in the world. They are the world’s most expensive commodity, by weight. This places them in the category of the most concentrated form of wealth on the Earth. They are also an exotic choice for engagement rings worldwide. After all, pink is the colour of passion and of universal love. David Beckham once presented his wife with a $1.8-million pink diamond. Britney Spears, Beyonce, and Helena Christiansen are known to adorn pink diamonds as well. In particular, Argyle Pink Diamonds are highly sought after by investors, jewellers, celebrities, and diamond aficionados. They are revered for their unique provenance, intrinsic beauty, and extreme rarity.

 

The mystique of pink diamonds extends to the origin of their colour. Unlike other natural coloured diamonds, which are the result of trace impurities, the colour of pink diamonds is thought to be produced by the extreme pressures exerted during their formation. Thus, their rarity and exclusivity is reflected in their market prices, which are exponentially higher than traditional white diamonds. Indeed, the Argyle mine will only produce them for about ten more years; with each pink diamond becoming rarer with each passing year. All of the pink diamonds mined at the Argyle mine in one year will barely fill up the palm of your hand.

 

Each year, a small collection of the best pink diamonds is offered at an exclusive sale known as the Argyle Pink Diamond Tender. Known as the most exclusive diamond sale in the world, the Tender is a much anticipated event by diamantaires around the world. 50 of the finest pink diamonds are revealed at an invitation-only viewing. Argyle pink diamonds sold at the Tender are worth up to 50 times the price of a comparable white diamond. Pink diamonds comprise less than 0.10% of Argyle’s annual diamond production. Access to the collector’s edition is highly sought after. Steve Agopian, president of local Vancouver-based jeweller, Lugaro, is one of a small handful of retailers around the world able to secure a portion of these rare round brilliant pink diamonds that will be featured in exquisite Lugaro designs.

 

“We are very honoured to be carrying such a rare collection of Argyle Pink diamonds—the rarest diamonds in the world, in our stores. In my 33 years in the diamond business, I’ve never seen such a fine collection of vividly pink diamonds.” – Steve Agopian, President of Lugaro.

 

 

About the Argyle Diamond Mine

The Argyle Diamond Mine is a diamond mine located in the East Kimberley region in the remote north of Western Australia. Argyle is the largest diamond supplier of rare pink diamonds, producing over 90% of the world’s supply. It additionally provides a large proportion of other naturally coloured diamonds, including champagne, cognac and rare blue diamonds.