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Rio Tinto’s Red Diamond Coin Sells Within 48 Hours

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(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.

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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.

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