03 Nov 2020

The Legacy Collection coverage on 7News

The below video and article are taken from 7News. The original article can be found here.

The last of Australia’s rare pink diamonds will be showcased by Australian Diamond Portfolio.

The Sydney-based company will curate ‘The Legacy Collection’, a set of pink diamonds for a surprisingly affordable price range – $1,000 to $10,000.

“Unlike yellow diamonds, which comprise over 60 per cent of all fancy colour diamonds produced, natural pinks fall into the same category as blues and reds for their extreme rarity,” a spokesperson for Australian Diamond Portfolio told Australian Mining.
“… The richer the ‘pink’, the rarer and more valuable the stone. Nowhere else in the world can you find pinks with such character and depth of colour and vibrance of tone as those from the Argyle mine.

“Even if a new mine was to be discovered in the near future, it would still take a minimum 10-15 years to reach the actual stage of producing diamonds to sell.”

Visit our shop page to view and buy stones from The Legacy Collection now.


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27 Jan 2021

The lucky winner is announced…

Our Legacy Collection competition winner collecting her prize.
The winner of our recent competition to win a pink diamond is Leila Alameddine of Sydney NSW.

However, that doesn’t mean your chance to own a unique piece of Australian history is over.

We curated the Legacy Collection to enable more Australians to enjoy these rare pink treasures, by selecting gift-sized diamonds at a more accessible price point.

While investment-size pink diamonds may cost millions of dollars, diamonds from the Legacy Collection start at just $1,000.

Find out more about the Legacy Collection.


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07 Dec 2020

From Argyle Mine Closure to a New Beginning

This article originally appeared in Australian Mining December 2020. You can view the original article here, pages 22-23.

No mine in the world has produced rare pink diamonds that can compete with the vibrancy and colour depth of those unearthed at Rio Tinto’s Argyle mine in Western Australia.

The pink diamonds found in the mines of India, Brazil and Russia also don’t compete with the character of Argyle’s famous gems.

The abundance of Argyle’s pink diamonds fit into just a small bucket in any given year, with Australian Diamond Portfolio executive director Anna Cisecki saying they represent only one of every 10,000 gem-quality diamonds produced at the mine.

Further, they represent less than 1 per cent of the world’s supply of diamonds, putting them in a much-elevated position to yellow diamonds that comprise around 60 per cent of the fancy-colour diamond market.

This scarcity has given pink diamonds inflation protecting qualities and steadily increased their prices by 11 per cent in the past 15 years, outperforming the Australian Securities Exchange, which returned 7.9 per cent.

read more

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10 Nov 2020

The end of an era. The start of a Legacy!

Whilst the attention of most market participants was focused on the US Presidential Election, and to a lesser degree the meeting of The Reserve Bank of Australia last week, a much more important development for pink diamond investors was taking place in the Kimberly Region of Western Australia.

After almost 40 years, the Argyle Diamond Mine has finally shut its doors. 

This market update looks into the closure of the Argyle Diamond Mine, and the implications it will have for pink diamond investors going forward.

We also look at the launch of the Australian Diamond Portfolio Legacy Collection, which has already attracted a huge level of interest from pink diamond investors, and those looking for a perfect gift for loved ones in time for Christmas.
read more

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05 Nov 2020

‘The new Faberge egg’: Pink diamond prices set to soar as Australian mine producing 95% of the world’s supply prepares to close forever

This article originally appeared on the Daily Mail and can be accessed here.

The price of pink diamonds is expected to soar after the Argyle Diamond Mine which produced nearly the entire world supply closes this week.

The world’s largest pink diamond mine began when a group of geologists stumbled across a stone in the Kimberley region of Western Australia in the 1970s.

Since owner Rio Tinto began production in 1983 the mine has produced 95 per cent of the world supply of the rare diamonds.

Twinkling from rose through magenta to purple, the stones have commanded some of the diamond market’s highest prices. read more

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05 Nov 2020

Rio Tinto Argyle diamond mine closure may prompt rush of demand for ‘totally unique’ pink stones

This article originally appeared on the ABC and can be accessed here .

A WA mine which makes up 90 per cent of the world’s source of pink diamonds is closing.(ABC News: Charlotte Hamlyn)

They are unfathomably rare “freaks of nature” that have taken 1.6 billion years to emerge from the earth’s mantle and end up on master jeweller Rohan Milne’s work bench.

“They speak for themselves,” Mr Milne said while polishing a ring at his Leederville workshop.

“When you’re putting a beautiful vivid pink diamond into a piece and you’re polishing it up, the colour just jumps out at you and it’s amazing.” read more

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05 Nov 2020

Iconic WA diamond mine to close, making rare pink gems ‘the new Faberge egg’

This article originally appeared in The Australian and can be accessed here.

The West Australian mine that produces 95 per cent of the world’s pink diamonds will close forever this week and the already high value of the precious gemstone is set to explode as a result.

Rio Tinto’s Argyle mine in the far east Kimberley region ceases production on Tuesday after unearthing more than 865 million carats of variously hued diamonds since beginning operations in 1983.

It has simply run out of sufficient reserves to continue economically-feasible mining.

Gemologist Olivar Musson, the creative director Sydney-based Musson Jewellers, said Argyle pink diamonds had increased in value by 500 per cent over the past 37 years and were going to be worth a lot more. read more

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05 Nov 2020

Rio Tinto’s Argyle diamond mine stops production after 37 years

This article originally appeared on ABC News and can be accessed here.

They say diamonds are forever, but time is finally up for Australia’s only operational diamond mine in Western Australia’s remote Kimberley region.

Since opening its doors almost 40 years ago, Rio Tinto’s Argyle diamond mine has produced 865 million carats of rough diamonds and is one of the few known sources of pink diamonds in the world.

But today the very last of these precious gems will be mined from the site, located within the ancient Matsu Ranges more than 3000 kilometres north of Perth.

Argyle general manager Andrew Wilson said employees and traditional owners would come together in a ceremony this morning to mark the historic milestone. read more

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05 Nov 2020

Rio Tinto stops operating at Argyle after 37 years

This article originally appeared in Australian Mining and can be accessed here.

Rio Tinto has completed its final day of mining at the iconic Argyle diamond mine in the East Kimberley region of Western Australia.

The Argyle ore body was discovered in 1979 and mining of the alluvial and surface deposits commenced in 1983. Prior to 1998, no plans had been finalised for the mine to continue past 2002. But Rio Tinto’s decision to build an underground mine below the existing open pit operations in 2005 led to an extended mine life to 2020.

More than 865 million carats of rough diamonds have been produced at the Argyle mine in its 37 years of operations, making it the world’s largest supplier of coloured diamonds. read more

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