Tender Aims to Develop Secondary Market for Argyle Pinks
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 there’s 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, Yourdiamonds’ founder and the former executive chairman of Sotheby’s 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.

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