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We all knew this day would come. And not just the simple fact of the Argyle mine’s closure on Nov. 3, 2020. Now, anyone who deals in, collects, or just loves colored diamonds is coming to terms with a hard truth: There are far fewer pink diamonds on the planet than there were before (and there weren’t that many to begin with).
For Scott West and Jordan Fine, two prominent New York–based diamantaires specializing in important colored diamonds, the realization was a difficult pill to swallow.
“At the 2019 Argyle Tender, Scott and I were having a discussion, and I remember saying if we were to look at his inventory, my inventory, and all of the authorized Argyle partners’ inventory and fast-forward two to three years, it’s very possible that we’re going to be entirely wiped out of Argyle pinks and have nothing left,” remembers Fine, president of J. Fine. “And that kind of invoked a sense of fear in us.”