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-------------------------------------------------------------------------------- THE FLASH SALE £1 A MONTH FOR 12 MONTHS Enjoy unlimited digital access. Ends soon. Subscribe now DIAMOND AUCTIONS NOT FOR EVER: RIO TINTO TO SELL FINAL ARGYLE RED AUSTRALIAN MINE THAT HAD LARGEST CACHE OF COLOURED STONES EVER FOUND CLOSED IN 2020 Sinead Kaufman, head of Rio Tinto’s minerals business, with a collection of rare diamonds that are up for sale at a private worldwide auction JOSHUA BRATT FOR THE TIMES Emma Powell Wednesday October 02 2024, 12.01am BST, The Times When traces of garnet and chromites were found in a creek that flowed into Lake Argyle in a remote part of Western Australia, explorers backed by Rio Tinto hoped that they might have beaten rivals in discovering the first significant deposit of diamonds on the Australasian continent. What they could not have anticipated in 1979 was stumbling upon the largest cache of coloured diamonds ever found. The Argyle diamonds, most famously pink, but also blue, brown and red, that emerged onto the market in the early 1980s were “revolutionary”, according to Vivienne Becker, a jewellery historian. “People had never seen diamonds of that particular shade of pink, and in that quantity,” she said. “They’re still incredibly rare.” The mine operated by Rio Tinto, the LOADING TITLE... Loading subtitle... Loading offer... Loading additional copy... Loading CTA... Loading link text... Log in Business & Money Companies RELATED ARTICLES Red diamonds are not forever: why rare gems are getting rarer November 19 2023, 12.01am GMT Jon Yeomans Mined diamonds are no longer a girl’s best friend December 16 2023, 6.00pm GMT Graphics by Julian Osbaldstone | Jon Yeomans , Lottie Tellyn, Dominic Hauschild PROMOTED CONTENT Back to top GET IN TOUCH * About us * Contact us * Help * The Times Editorial Complaints * The Sunday Times Editorial Complaints * Place an announcement * Classified advertising * Display advertising * The Times corrections * The Sunday Times corrections * Careers MORE FROM THE TIMES AND THE SUNDAY TIMES * The Times e-paper * The Sunday Times e-paper * The Sunday Times Wine Club * Times Print Gallery * The Times Archive * Times Crossword Club * Sunday Times Driving * Times+ * The Sunday Times Rich List * Travel * Good University Guide * Schools Guide * Newsletters * Best Places to Live * Best Places to Stay * Times Appointments * Podcasts * Times Money Mentor * Times Luxury * Sportswomen of the Year Awards * Best Places to Work * Puzzles MORE FROM NEWS CORP * The Australian * Barron's * Dow Jones * Financial News London * Investor's Business Daily * Mansion Global * MarketWatch * Realtor.com * The Sun * Times Literary Supplement * The Wall Street Journal -------------------------------------------------------------------------------- © Times Media Limited 2024. 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