Monday, October 12, 2015

Perth Mint's "Kimberly Sunset" 2oz Pink Gold Coin

Argyle pink diamonds are a true Australian treasure, limited by nature and highly sought after by collectors and connoisseurs. Each of the Kimberley Sunset coins incorporates a superbly hand set Argyle pink diamond.
Struck by The Perth Mint from 22-carat (91.67%) pink gold in proof quality, the coin contains 2oz of pure gold and an Argyle pink diamond of between 0.035 and 0.040 carats.

The Perth Mint will issue no more than 500 of the Kimberley Sunset 2015 2oz Pink Gold Proof High Relief Coins.
Price is $8800. (Oz dollars)

Perth Mint wholesaler Neil Vance said the issue was all but sold out.
Argyle Pinks

Australia's Argyle Diamond mine is the world's primary source (90%) of rare pink diamonds. Pink diamonds are at very least 20 times the price of an equivalent white diamond. This places them among the most highly concentrated forms of wealth on Earth.

After being cut and polished at Rio Tinto’s diamond cutting and polishing factory in Perth, exceptional pink diamonds from each year's production are sold individually at 'tenders'.

The diamonds average around a carat each (1/20 of a gram) with 40 to 50 carats in total sold each year. Of every million carats of rough diamonds produced at the Argyle mine, less than one carat is suitable for sale in one of the tenders.

Prices can range from US $100,000/ct to US$1,000,000/ct and beyond.

The 12.04-carat "The Martian Pink" sold for $17m in May 2012
In March 2012 a 12.76-carat pink diamond was unearthed at Argyle, the largest ever found in Australia. It was christened the Argyle Pink Jubilee.

"A diamond of this caliber is unprecedented -- it has taken 26 years of Argyle production to unearth this stone, and we may never see one like this again," said Argyle Pink Diamonds Manager Josephine Johnson.

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