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Argyle's limited edition pink diamond ingots.



  Argyle celebrates underground mining launch with limited edition of pink diamond ingots


June 22, 2013


To celebrate the launch of underground mining operation at the Argyle diamond mine in Western Australia, Rio Tinto has announced the release of a limited edition of one-ounce gold ingots set with Argyle's distinctive products, pink diamonds.

Created by the mint in Perth, 168 individually numbered ingots will be sold internationally. The starting price is about $4,200.

Seven pink diamonds are set in the 22-carat pink gold ingot, which also features the image of a boab tree on one side. The ingots can be ordered from the Perth Mint.

The underground mining operation is expected to help extend the potential of the Argyle mine through 2020, boosting output about 20 million carats per year. Pink diamond make up only a tiny fraction of the production, but Argyle accounts for about 90 percent of the pinks produced worldwide.

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