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Pink diamonds can be bought with bitcoins at $20 million auction

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An Australian technology start-up, Yourdiamonds.com, has announced that it will accept bitcoin at its second auction/tender of fancy pink diamonds originating from the recently closed Argyle diamond mine.

Sotheby’s announced last week that it would accept bids in Ether (ETH) in the wake of receiving cryptocurrency for payment of US$10.3million for the sale of a 100-carat diamond.

Christie’s recently sold non fungible tokens (NFT) for funky new digital art for staggering prices shocking the art establishment.

Yourdiamonds.comtm (YD) is the brainchild of Tim Goodman, former Executive Chairman of Sotheby’s Australia. The YD Non-Exec Chairman, Jim Fernandez, is the former Senior Vice President of Tiffany & Co in New York.

YD sold a 2.00 carat fancy pink diamond for A$2.2 million in its first public tender in July, a new world auction record.

“Following the extraordinary results at our first tender we have gathered the largest collection of Australian pink diamonds ever to appear on the secondary market,” Tim Goodman said in Sydney.

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