Former Sotheby's Australia Chairman to sell the last pink diamonds from the Argyle Mine
The First Art Newspaper on the Net    Established in 1996 Saturday, July 20, 2024

Former Sotheby's Australia Chairman to sell the last pink diamonds from the Argyle Mine
They say that it would take twenty years to fill a crystal wine glass with the very finest pinks discovered at the Argyle Diamond Mine during its comparatively short history.

SYDNEY.-, a little-known Australian technology start up in the diamond sector, founded by Tim Goodman, a former Executive Chairman of Sotheby’s Australia, has been asked to sell a collection of rare pink diamonds by an Australian finance corporation as mortgagee in possession.

The five pink diamonds ranging from 0.40 carat to 1.01 carat, originally sourced from the world-famous Argyle Diamond Mine, are expected to fetch over US$1million. The request to sell the gems inspired Tim to expand the sale to include other pink diamonds originally from the Argyle mine.

With the closure of the Argyle Mine in November 2020 after 40 years of producing 90% of the world’s pink diamonds the Public Tender is expected to attract attention from regional and overseas bidders.

yourdiamonds.comTM will offer the first ever Public Tender for Australian pink diamonds strictly from 21 June – 01 July 2021, by Order of a Mortgagee in Possession and the Property of Various Private Collectors and Investors.

The catalogue will be capped at just 30 pink diamonds. The final accumulated collection will be the subject of a high security travelling road show around the Australian capital cities. The sealed Tender Bids will be opened at 10.00am in Sydney on Friday 02 July in the presence of a Partner at international accountants, Grant Thornton.

yourdiamonds.comTM launched with a global campaign announced on its new website to invite consignments of additional pink diamonds from private and trade sellers. .
The trade asking prices for Australian pinks from the Argyle mine are said to have increased by more than 10% per annum in a blaze of publicity over many years. However there is no secondary market, so selling a pre-owned pink diamond can be problematic for the end private consumer.

“We are creating a secondary market. The primary market is strong and the timing is perfect for sellers. Subject to the success of this first project we intend to conduct a Public Tender of Australian pink diamonds twice a year. We may extend the scope to include diamonds of other colours originally sourced from the Argyle Mine,” Tim Goodman said.

Pink diamonds have been all the talk in the auction room after Christies recently sold a 2.17ct fancy pink for $3.5million and will offer another exceptional pink stone estimated to fetch $38million on 23 May.

Today's News

May 6, 2021

Three-year old Mtoto, Africa's earliest known human burial

A wide-roaming and personal meditation on Drer and his art

Sanford Biggers opens at Rockefeller Center with Art Production Fund

Købke's portrait of Carl von Nutzhorn joins the collections of Nationalmuseum

Exhibition of works by Alma Allen span two of Kasmin's locations in Chelsea

In New Orleans, an art break hotel

Billie Zangewa makes art where the light is best

Christie's announces live sale of Latin American art

Love letters and the tortured inheritance of the Little Prince

Doyle to auction Impressionist & Modern art on May 12

6 design books that celebrate a world of artifacts

Broadway is reopening. But not until September.

Almine Rech opens "Salon de Peinture" exhibition

Neue Auctions announces online-only May Modernism sale

Sofia Coppola's challenge: To convey the feeling of live dance

France battles over whether to cancel or celebrate Napoleon

Exceptional Tiffany Studios floor lamp shines at $150,000 at Heritage Auctions

Important painting by Welsh artist Sir John Kyffin Williams to be offered at Parker Fine Art Auctions

Chelsea Foundation and Royal Air Force Museum unveil new exhibition plans for Jewish Hidden Heroes project

Exhibition 'The Lams of Ludlow Street' by Thomas Holton on view at Home Gallery

12 artists from Europe and Iran explore Iran's cultural heritage

Former Sotheby's Australia Chairman to sell the last pink diamonds from the Argyle Mine

Terra Foundation awards $2.5 million to US arts and culture organizations for permanent collection projects

Felt+Fat, Philadelphia-based Tableware Manufacturer, Embraces Sustainable Manufacturing

The impact of Netflix on the Entertainment Industry

ESO Calendar events in 2021

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc
Founder's Site. Hommage
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful