FANCY PURPLISH RED ARGYLE DIAMOND RING

The oval diamond of fancy purplish red colour weighing 0.82 carat is claw set between a pair of fancy blue diamonds in a round brilliant cut diamond surround, mounted in platinum, size M. Accompanied by GIA report numbered 13810182, dated 18 January 2005, stating the 0.82ct diamond is Fancy Purplish Red, Natural colour, SI1 clarity; HRD report numbered 05004506028, dated 3 March 2005, stating the 0.82 carat diamond is Fancy Intense Purplish Red, Natural colour, SI1 clarity; Gubelin report number 0611073 dated 23 November 2006 stating the 0.82 carat diamond is Fancy Purplish-Red, Natural colour, SI2 clarity and a letter from Argyle Diamonds dated 28 October 2005 attesting to the rarity of the diamond.

A VERY RARE COLOURED DIAMOND RING

Diamond connoisseurs have long considered red diamonds to be amongst the most precious and rarest of all diamonds. Despite the notable discovery of the Argyle pink diamond deposits in Western Australia in 1987, less than a handful of red diamonds have been discovered and very few people have ever had the opportunity to see one up close. In November 2004 Sotheby's Hong Kong offered a 0.91ct modified square cut fancy purplish red diamond. It hammered with buyer's premium HK$ 4,318,400 or approximately A$1,079,000. The scarcity of red diamonds renders the appearance of this 0.82ct carat oval stone as an extraordinary event and marks a high point of Sotheby's Australia association with coloured diamonds.

Furthermore, this is the first red diamond to ever appear for sale at an Australian auction and represents a rare auction event. Its rarity and richly saturated colour makes it the ideal gem for the ultimate gem connoisseur.