BSS/AFP, Sydney :
Australia has minted a gold coin encrusted with rare pink diamonds worth Aus$2.48 million (US$1.8 million) to meet growing demand for high-end collectables from the ultra-rich.
The two-kilogramme 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.
