Press Releases Rio Tinto’s Red Diamond Coin Sells Within 48 Hours Published 4 years ago on July 22, 2016 By INSTORE Staff Share Tweet (Press Release) Rio Tinto has announced the sale of The Perth Mint’s Kimberley Treasure, the world’s first coin to feature a rare red diamond from its Argyle Diamond Mine in the east Kimberley region of Western Australia. Valued at $1 million, the Kimberley Treasure – which is crafted from one kilogram of 99.99 percent fine gold and features a radiant cut 0.54 carat Argyle red diamond – sold within 48 hours of its unveiling. The Perth Mint has worked in collaboration with John Glajz, an authorized partner of Argyle Pink Diamonds, to create a number of special gold and pink diamond ingots and coins during the past five years. Simon Trott, managing director of Rio Tinto Diamonds says, “We are delighted with the sale of the Mint’s Kimberley Treasure. We have seen and continue to see strong demand from this high end of the luxury market. The coveted Kimberley Treasure speaks the language of exclusivity, desirability and collectability.” The new owner of the collectible is Tiara Gems and Jewellery, a Dubai-based company specializing in rare and important fancy color diamonds, unique collectibles and heirloom pieces of jewelry. Advertisement Ashish Vijay Jain, founder and chairman of Tiara Gems and Jewellery, says, “We are excited and privileged to add the Kimberley Treasure to our international collection of one-of-a-kind pieces.” The Kimberley Treasure will be exhibited at the Perth Mint until Aug. 14. Related Topics: click to Comment(Comment) Up Next Jewelers 24 Karat Club of Southern California Announces 2016 Honorees Don't Miss American Gem Society to Recognize Three Industry Leaders at Circle of Distinction Dinner Continue Reading Advertisement SPONSORED VIDEO Wilkerson Testimonials After 42 Years in Business, They Chose Wilkerson to Close Up Shop After 42 years, it was time for Gina McHugh to hang up her bench tools and plan on doing something completely different. She and her husband, Mick, had a beautiful Binghamton, NY store — The Goldsmith — but in late 2019, the time felt right for retirement. They called Wilkerson. “They’d always been a part of our bridal jewelry selection,” says Gina, “and I felt really good about their quality and service. So, when we were looking for someone to work with us, Wilkerson was a natural.” With the kind of service and support Wilkerson is known for, Gina says their sales consultants made their retirement sale, “successful and quite easy.” You may like Promoted Headlines JYE’S International is Seen in All the Best Cases The Sylvie Collection Knows What Women Want Sylvie Collection From Chain to Casting, National Chain Group Does It All National Chain Group Advertisement Latest Trending Videos Press Releases2 hours ago New PGI-Commissioned Study Offers Retailers Insights Into How to Ease Customers’ Concerns Over COVID During the Holiday Season Press Releases6 hours ago Accutron Lights Up Empire State Building Celebrating 60th Anniversary Press Releases6 hours ago Industry Experts Gather for Collaboration on Ethics and Sustainability in Gold and Diamond Enterprise Big Survey1 week ago These Are the Top Watch Brands of 2020, According to INSTORE’s Big Survey Big Survey1 week ago The Guy Who Bought 13 Rings, and Other Tales of Serial Engagements Photo Gallery2 days ago 12 Photos That Show Off the Wow Factor at Thollot Diamonds & Fine Jewelry in Colorado Sponsored Content1 week ago A Liquidation Sale during a Pandemic? Wilkerson Showed Them the Way Sponsored Webinars2 weeks ago Podium Presents: 5 Crucial Customer Experience Improvements to Make as You Reopen Jimmy Degroot2 weeks ago Video: How to Smooth Out the Chaos in Your Jewelry Store and Create Harmony Instead Advertisement SubscribeBULLETINS INSTORE helps you become a better jeweler with the biggest daily news headlines and useful tips. (Mailed 5x per week.) Latest Comments Most Popular Big Survey1 week ago These Are the Top Watch Brands of 2020, According to INSTORE’s Big Survey Big Survey1 week ago The Guy Who Bought 13 Rings, and Other Tales of Serial Engagements Photo Gallery2 days ago 12 Photos That Show Off the Wow Factor at Thollot Diamonds & Fine Jewelry in Colorado Big Survey1 week ago COVID-19 Has Some Silver Linings for Jewelers — Here Are the Upsides Big Survey6 days ago 7 Out of 10 Jewelers Surveyed Said They Do Not Want to Add a Brand Sponsored Content1 week ago A Liquidation Sale during a Pandemic? Wilkerson Showed Them the Way Big Survey4 days ago What’s Wrong with Millennials? Here’s What Jewelers Say Sponsored Content1 week ago Why Have 1,800+ Jewelers Switched to BriteCo?