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A Positive Trajectory for all Fancy Color Diamonds
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First public tender of Argyle pink diamonds expected to break records - Jeweller Magazine: Jewellery News and Trends
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From birth to timeless legacy: The complete story of Argyle pink diamonds Posted April 22, 2021 | By Arabella Roden • Editor As the era of the Argyle Mine draws to a close, ARABELLA RODEN explores the compelling history and enduring legacy of the world’s premier source of pink diamonds.
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Chart source: Jeweller analysis, GIA, excludes Petite Suites and Pink Everlastings is no way to discuss the pink diamond category without the Argyle Mine. Discovered in 1979 and operational since the mid-1980s, the Rio Tinto owned-and-operated site – located 550km southwest of Darwin, in the remote Kimberley region of Western Australia – produced 90 to 95 per cent of the world’s pink and red diamonds before its closure in November 2020.
The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course the coveted Argyle pink and red diamonds.
Pink and red diamonds are among the most special gems in the world. The value of these highly sought-after natural stones speaks for itself, but their rarity has arguably increased since the closure of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Argyle mine.
The asset, which ceased mining activity on November 3, 2020, had been in operation since 1983. In that time, 865 million carats of rough diamonds were produced.
The unique geological chemistry of the Western Australia location birthed the rarest hues, including champagne, cognac, blue, violet and of course, the coveted Argyle pink and red diamonds. Millions of carats of white diamonds were produced at the prolific property as well.
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