About Argyle Pink Diamonds
Argyle Pink Diamonds, produced from Rio Tinto's Argyle Diamond Mine in Western Australia, are highly coveted as the world's most sought-after diamonds. The Argyle Diamond Mine has been the producer of more than 90 per cent of the world's pink diamond supply, which are sold in a range of colour grades and sizes to an international customer base.
The market for pink diamonds is quite separate to white diamonds, and due to their rarity, pink diamonds typically command prices far in excess of their colourless counterparts.
The finest and rarest diamonds are reserved for the annual Argyle Pink Diamonds Tender. Rio Tinto's Argyle Pink Diamonds business is located in Perth, Western Australia, alongside its cutting and polishing factory.
About Rio Tinto Diamonds
Historically, Rio Tinto has been one of the world's major diamond producers, through its 100 per cent control of the Argyle Diamond Mine in Australia (now closed) and 60 per cent of the Diavik Mine in Canada. These two mines have allowed Rio Tinto to produce diamonds for all market segments. The Argyle Diamond Mine was officially closed on November 3rd 2020, having exhausted economic production.
Rio Tinto's share of the rough diamond production from its two operating mines is sold through its Diamonds Sales and Marketing office in Belgium, and polished Argyle pink diamonds in Perth, Western Australia. Rio Tinto Diamonds is a leading supporter of the Kimberley Process as well as a founding member of Responsible Jewellery Council.