Australia has minted a gold coin encrusted with rare pink diamonds worth 2.48 million Australian dollars (USD 1.8 million) to meet growing demand for high-end collectibles 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."
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