Tender Aims to Develop Secondary Market for Argyle Pinks

Loose Argyle Diamond Mine Certified Three Pink Oval Cut Diamonds Large Size
By Rob Bates

A collection of rare Argyle pink diamonds will be sold in a public tender in June, in what may be a test of whether thereu2019s a secondary market for the gems.

Next month, Yourdiamonds.com, an Australian diamond technology startup, will offer for sale at least 10 pink gems from the Argyle mine.

The idea came about after Tim Goodman, Yourdiamondsu2019 founder and the former executive chairman of Sothebyu2019s Australia, was asked by an Australian company to sell a group of five Argyle pinks, ranging from 0.40 ct. to 1.01 cts. Those five stones alone are expected to fetch over $1 million.