Million dollar red diamond coin sold within 48 hours

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The world’s first coin to feature a rare red diamond from Rio Tinto’s Argyle diamond mine sold within 48 hours of its unveiling.

The coin was purchased by Tiara Gems and Jewellery, a Dubai-based company specialising in rare fancy colour diamonds, unique collectibles and heirloom pieces of jewellery.

Founder and chairman of Tiara Gems and Jewellery, Ashish Vijay Jain, says: “We are excited and privileged to add the Kimberley Treasure to our international collection of one-of-a-kind pieces”.

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The Perth Mint’s Kimberley Treasure coin features a radiant cut 0.54 carat Argyle red diamond.

Simon Trott, managing director of Rio Tinto Diamonds comments: “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 Kimberley Treasure will be exhibited at the Perth Mint until August 14.

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