Australia mints its most valuable coin ever

The two-kilogram treasure depicts a sailing ship, a gold prospector and boab trees found in Western Australia. (The Perth Mint/AP)
Updated 04 September 2018
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Australia mints its most valuable coin ever

  • It is the most valuable coin ever made in Australia and is expected to be sold to a buyer from Asia or the Middle East
  • It was ‘released in response to the distinct increase in demand for exclusive luxury items’

SYDNEY: Australia has minted a gold coin encrusted with rare pink diamonds worth A$2.48 million ($1.8 million) to meet growing demand for high-end collectables from the ultra-rich.
The two-kilogram treasure, which depicts a sailing ship, a gold prospector and boab trees found in Western Australia, is considered legal tender and will be sold to the highest bidder.
It is the most valuable coin ever made in Australia and is expected to be sold to a buyer from Asia or the Middle East.
It was “released in response to the distinct increase in demand for exclusive luxury items,” said Perth Mint chief executive Richard Hayes Tuesday.
“The coin showcases rare pink stones handset in the most famed of precious metals, telling the inspirational rags to riches tales of mining for these prized resources.”
Called “Discovery,” it was modelled after the “Holey Dollar,” one of Australia’s first coins, with a private collector paying A$495,000 for one of those in 2013.
A key attraction is the four pink diamonds from the renowned Argyle mine in Australia’s remote western Kimberley region, including a 1.02-carat emerald cut.
“In terms of pink diamonds themselves, you can fit the whole year’s production literally into the palm of your hand,” said Hayes.
Miner Rio Tinto holds a pink diamond sale each year which attracts global interest. Stones can fetch $1-2 million a carat.
As a basic rule of thumb, pink and red diamonds are worth about 50 times more than white diamonds.


Nicki Minaj shows off her quad biking skills in the UAE

Nicki Minaj recently released a new album. (AFP)
Updated 25 September 2018
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Nicki Minaj shows off her quad biking skills in the UAE

  • Nicki Minaj just hit the sand dunes in Abu Dhabi
  • She was just in Milan attending Fashion Week

DUBAI: Pop superstar Nicki Minaj just hit the sand dunes in Abu Dhabi and posted a string of photos on Instagram to show off her skills.

“Ride wit Minaj (sic),” the rapper-singer captioned a snap on the social media site, showing her astride a dune buggy in the desert.

She also posted a video in which she can be seen speeding through the desert with her loose hair streaming in the wind. Earlier in the evening, she posted a video in which she runs along a beach in the UAE at night and talks in a British accent, saying she wants her fans to “see the water.”

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Ride wit Minaj

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Before her trip to the Gulf country, Minaj sat front row at the Versace show at Milan Fashion Week.

She sat alongside Leona Lewis, Rita Ora, model Rosie Huntington-Whiteley, actor Luke Evans and Italian influencer Chiara Ferragni in an enormous industrial space in the modern CityLife neighborhood where the runway show was held, according to Reuters.

“I’m so proud of you @donatella_versace You’ve never missed a beat. So tiny, but so powerful,” Minaj posted after the runway show.

“Loved the show tonight. Thank you for my gorgeous flowers & for playing like 75 percent of the Queen album at the show,” she added, referencing fourth studio album, which was released in August to mixed reviews.

Minaj also took a front row seat at the Fendi show in Milan, taking a turn for fans on her way in decked out in a Fendi puffer jacket and matching leggings and cropped top.

Other front-row celebs included Ferragni with her rapper husband Fedez, leaving home their much-Instagrammed infant, Leone, but trailing television cameras as they toured backstage.

While the front-row celebrity attire was highly branded Fendi streetwear, the runway collection by Karl Lagerfeld was more elegant and subtle, the Associated Press noted.

The artist is fresh off a bout of controversy involving US rapper Cardi B, who infamously tried to attack Minaj during a scuffle at a party held on the sidelines of New York Fashion Week earlier in September.

Minaj and Cardi B were the center of attention as A-list guests reportedly huddled around their phones to watch footage of the fracas.
A person who witnessed the incident, who asked for anonymity because they were not authorized to speak publicly, said Minaj was finishing up a conversation with someone when Cardi B tried to attack her, but Minaj’s security guards intervened, the Associated Press reported.
Video footage that circulated on social media at the time showed Cardi B lunging toward someone and being held back. Cardi B reportedly threw one of her shoes at Minaj.

Here’s to hoping Minaj has a more enjoyable time in the UAE.