Argyle pink diamond ring worth $577k stolen in Australia

Argyle pink diamond ring worth $577k stolen in AustraliaA unique pink Argyle and white diamond ring valued at $577,000 has been stolen from an auction centre in Sydney, Australia.

The piece of jewellery ring was snatched from a display counter around noon on Saturday and police has been unable to find it so far.

Each of the diamonds in the ring is laser inscribed with a serial number, New South West Police said in a statement Sunday.

Argyle pink diamond ring worth $577k stolen in Australia

Image supplied by NSW Police.

About 90% of the world’s pink diamonds are sourced from the Argyle Diamond Mine in the East Kimberly region in Western Australia.

In October last year, a 2.51-carat fancy deep pink gem from the mine sold for more than $2 million — a record price for an Argyle diamond.