Tiffany & Co. Acquires Rare Argyle Pink Diamonds

Unveiling Tiffany & Co.'s Majestic Acquisition

In a landmark event, Tiffany & Co. proudly announced its acquisition of an exceptional curation of rare pink diamonds from the esteemed Argyle Diamond Mine in Australia. This final curation hails from the remote East Kimberley region in Western Australia where the Argyle Mine, open from 1983 to 2020, was a prominent source of pink diamonds globally.

Argyle Diamond Mine held a distinct place in the world of gemstones, as it was virtually the only source for these rare pink diamonds. Its closure in November 2020 marked the end of an era, making the remaining cache of diamonds even more prized. Early in 2022, Argyle made an exclusive offer to Tiffany & Co. to acquire a unique collection of their extraordinary pink diamonds. This is the first time Argyle has curated a collection specifically named in honor of a jeweller, a testament to Tiffany & Co.’s esteemed reputation.

Selection of Argyle Pink Diamonds

This acquisition marks a significant milestone in the global gemstone industry. The bespoke curation of Argyle Pink™ Diamonds embodies not just the ethereal beauty and rareness of these gems, but also adds a new chapter in Tiffany & Co.'s illustrious history. The acquisition highlights the House’s position as the premier purveyor of the world's most coveted creations and exceptional diamonds, further solidifying its standing in the luxury jewelry market.

Argyle Diamond Mine: A Brief History

Embedded in the remote East Kimberley region of Western Australia, the Argyle Diamond Mine has a captivating history. From its inception in 1983 until its closure in November 2020, this mine became the beating heart of the global pink diamond supply.

aerial view of the now-closed Argyle Diamond Mine, emphasizing its vastness and remote location

The mine's distinctive geological conditions, a result of specific volcanic activity millions of years ago, gave birth to the exceptionally rare pink diamonds. These diamonds represent a tiny fraction of the mine's total output, yet they are what Argyle is renowned for worldwide.

Pink Diamonds of different shades and sizes on a dark, reflective surface

The Argyle mine's unique contribution to the world of precious gems extended beyond its pink diamonds. It was also a significant source of other diamond colors, such as champagne, cognac, and a spectrum of blues and greens. However, it's the exquisite pink diamonds that have firmly imprinted Argyle's legacy in the annals of gemmology.

Tiffany & Co. and The Bespoke Curation of Pink Diamonds

In an unprecedented move, Tiffany & Co. has secured a final bespoke curation of the coveted Argyle Pink™ Diamonds. Comprising 35 diamonds, this extraordinary collection embodies the distinct hues that have made Argyle diamonds a spectacle within the gemmology world.

A photo depicting a selection of jewelry pieces from Tiffany & Co. that could potentially be set with the Argyle Pink™ Diamonds

Known for their remarkable spectrum of colors, the Argyle Pink™ Diamonds come in a variety of tones such as Fancy Intense Pink, Fancy Intense Purplish Pink, Fancy Vivid Pink, Fancy Vivid Purplish Pink, Deep Pink, and the most elusive of all—the Fancy Red diamond. These varying shades, each rarer than the next, have captured the attention of diamond connoisseurs and aficionados worldwide.

Within the collection, a 'rarity within rarity' is witnessed in the form of three diamonds that exceed 1 carat in size. This occurrence is exceptionally rare given the unique geological conditions required to form pink diamonds, often yielding gems smaller than 1 carat.

A photo depicting a selection of jewelry pieces from Tiffany & Co. that could potentially be set with the Argyle Pink™ Diamonds

This acquisition perfectly aligns with Tiffany & Co.'s Diamond Craft Journey initiative, which aims to provide clients detailed information about the provenance of each newly sourced, individually registered diamond set in their jewellery. With a story dating back one and a half billion years, the unique Australian provenance of these pink diamonds only adds to their allure and mystique.

The Future of the Acquired Pink Diamonds

Following this monumental acquisition, Tiffany & Co. plans to showcase these glittering gemstones to select clients. These rare Argyle Pink™ Diamonds will be the star attraction at several global Tiffany High Jewelry events, set to commence in early spring 2023. The stunning display of pink hues will indeed captivate the attendees and further cement Tiffany & Co.'s position as a premier purveyor of exceptional diamonds.

A collection of the Argyle Pink™ Diamonds displayed on a velvet black background

But the journey doesn’t stop there. These extraordinary diamonds are also earmarked for potential inclusion in carefully curated capsule collections. The brand's iconic Blue Book collections, renowned for celebrating the most spectacular Tiffany designs each year, could also feature these exquisite gems in the future. The Argyle Pink™ Diamonds are not just gemstones; they're a testament to Tiffany & Co.'s commitment to craftsmanship, luxury, and sourcing the most unique diamonds in the world.

The Artisanship of Tiffany & Co.

In the words of Sinead Kaufman, Chief Executive at Rio Tinto Minerals, these rare Argyle Pink™ Diamonds are entrusted to the "unrivaled craftsmanship of Tiffany & Co." The global luxury jeweller, renowned for its elegance, innovative design, fine craftsmanship, and creative excellence, is poised to transform these extraordinary gems into timeless creations.

Photograph a Tiffany & Co. retail store from the exterior

Founded by Charles Lewis Tiffany in New York City in 1837, Tiffany & Co. has become synonymous with unparalleled quality and creative excellence. With more than 300 retail stores worldwide and a workforce of over 14,000 employees, the company's passion for craftsmanship and commitment to quality are evident in every piece they design, manufacture, and market.

image of a Tiffany & Co. workshop where the artisans work

Tiffany & Co. operates its own workshops, where over 3,000 skilled artisans meticulously cut diamonds and craft jewellery, upholding the brand's commitment to superlative quality. Beyond its commitment to craftsmanship, Tiffany & Co. also maintains a long-standing commitment to conducting business responsibly. This includes sustaining the natural environment, prioritizing diversity, equity and inclusion, and positively impacting the communities in which it operates. This ethos aligns perfectly with the story of the Argyle Pink™ Diamonds, underscoring Tiffany & Co.'s dedication to preserving the value and rarity of these exceptional gems.

Tiffany & Co.'s Ethical Stand and Sustainability

Tiffany & Co. is not just renowned for its exceptional jewellery but also for its strong ethical stand and commitment to sustainability. The company is dedicated to conducting its business in a way that sustains the natural environment, prioritizes diversity, equity, and inclusion, and positively impacts the communities in which it operates.

Tiffany & Co.'s finished jewellery products, prominently featuring pieces that include the Argyle Pink™ Diamonds

Central to this commitment is the sourcing of materials. Tiffany & Co. takes pride in ensuring that its precious stones, including diamonds, are responsibly sourced, respecting both the environment and the people involved in their extraction and production. This is evident in the company's Sustainability webpage which details their ongoing efforts and initiatives.

The acquisition of the Argyle Pink™ Diamonds aligns perfectly with this ethos. These rare pink diamonds from the now-closed Argyle Diamond Mine in Australia bear an extraordinary provenance. They are a testament to the extraordinary forces of nature and geological time, carrying a story that began one and a half billion years ago. By acquiring these diamonds, Tiffany & Co. is not only offering their clients a piece of unrivaled beauty and rarity but also a symbol of sustainability and responsible sourcing.

Pink diamond and white gold solitaire engagement ring

As with all their newly sourced, individually registered diamonds, each diamond within the Argyle Pink™ Diamonds: The Tiffany Collection will have both a Tiffany Diamond Certificate and an Argyle Pink™ Diamonds Certificate. This underscores the company's commitment to transparency and traceability, providing clients with complete information on the provenance—or the region or countries of origin—of their gems.

Pink diamond and rose gold solitaire engagement ring with diamond shoulders

Through their continued commitment to ethical business practices, Tiffany & Co. reinforces its legacy, not just as a premier purveyor of the world’s most coveted creations and exceptional diamonds, but as a leader in sustainable luxury.

Diamonds Shaping the Future: The Power of Responsible Luxury

This landmark acquisition by Tiffany & Co. showcases more than just the stunning beauty of the Argyle Pink™ Diamonds. It echoes the deeper values held by the brand – a commitment to quality, artisanship, and ethical sourcing. This momentous collection serves as a testament to the brand’s dedication to sustaining the natural environment and prioritizing diversity, equity, and inclusion.

Pink diamond and rose gold solitaire engagement ring

Tiffany & Co.'s unique curation of the last remaining pink diamonds from the now-closed Argyle Diamond Mine symbolizes a significant shift in the jewelry industry. As consumers become more conscious about the origins of their purchases, Tiffany & Co. stands as a shining example of a luxury brand that values not just the product, but also the journey it took to create it.

Pink diamond and white gold solitaire engagement ring

As we look to the future, this acquisition signals an important message to the wider industry: the value of a gem extends beyond its physical attributes, reaching into the realm of ethical sourcing and sustainability. Let us take this as an inspiration to continuously strive for responsible luxury, where the beauty of our adornments is matched by the integrity of their origins.

Disclaimer: Please note that the images featured in this blog post have been created and are owned by our team. These images are intended to illustrate the topics discussed in the post and are not official Tiffany & Co. images nor are they endorsed by or affiliated with Tiffany & Co.