Burgundy Diamond Mines purchased one of the last ‘hero’ stones ever sold in the 2021 Argyle Pink Diamonds tender, which will become one of the centerpieces of the company’s luxury brand to be launched in the next months.
According to Burgundy, the company made a significant investment in purchasing the stone, named Argyle Stella, which represents a singular and irreplaceable piece in diamond history.
“As the last stone of this size and quality to be produced at Argyle, the Argyle Stella is unmatched as an iconic diamond of great beauty, value and desirability, and the rarity of this diamond as a piece. collection is indisputable, â€said Burgundy.
An extremely low number of pink diamonds were produced by the old Argyle Diamond Mine and even fewer were classified as “hero” stones.
Burgundy Managing Director and CEO Peter Ravenscroft said the acquisition of the stone represents an exciting step towards creating a visionary ultra-luxury brand that will transform the niche diamond sector.
“This is a highly strategic purchase of one of the rarest diamonds in history, which we compare to the purchase of ‘one of the last Bugattis’,†Ravenscroft said.
“We intend to take advantage of the beauty and rarity of this diamond and use it as a cornerstone in building a brand at the pinnacle of ultra luxury, housed in our subsidiary which we are establishing in Paris.
“We look forward to being able to talk more about this brand in the very near future and to develop the value that Argyle Stella will bring to Burgundy shareholders in the longer term. “
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