Why is Argyle mine so famous?
The Argyle Mine, located in the Kimberley region of Western Australia, is a world-renowned diamond mine. This open-pit mine is famous for its high-quality diamonds, particularly for the pink diamonds that are exclusive to this mine.
Argyle history
The Argyle Mine was discovered in the early 1980s, and diamond production began in 1985. From the beginning, the mine was known for its production of diamonds that had a unique pink hue. Today, the mine is responsible for producing more than 90% of the world’s pink diamonds. These diamonds are highly sought-after and incredibly rare. In fact, for every million carats of rough diamonds produced at the mine, only one carat of pink diamonds will be found.
The Argyle Mine ceased production in November 2020, after 37 years of operation. This was due to the fact that the mine had simply run out of diamonds, as the mine’s resources had been depleted. The closure marked the end of an era, and the demand for Argyle pink diamonds is likely to skyrocket even further. It is predicted that the price of these diamonds will continue to rise, as they become even rarer and more sought-after.
Value of argyle diamonds
The pink diamonds that come from the Argyle Mine are not only rare, but they are also incredibly valuable. In 2020, a 14.8 carat Fancy Vivid Purplish Pink diamond called the Argyle Sakura sold for a record-breaking $29.3 million at auction. This meant that the price per carat for this diamond was an astonishing $1.9 million. It is no wonder that pink diamonds from the Argyle Mine are seen as the ultimate luxury item.
In addition to the pink diamonds, the Argyle Mine also produces other colored diamonds, though on a smaller scale. These diamonds can be yellow, brown or even red, and are known for their intense hue and high quality. In fact, the mine’s diamonds are some of the highest quality diamonds in the world. This is due to the specific geological conditions under which the diamonds were formed, which allows for the diamonds to have a high degree of structural perfection and purity.
The mine is not only famous for its diamonds, but it is also known for its commitment to sustainability. The Argyle Mine’s parent company, Rio Tinto, has invested in renewable energy sources and has implemented a number of initiatives to reduce its environmental impact. This includes recycling water and creating a closed-loop system for waste disposal.
Argyle Pink Investment
Argyle mine pink diamonds are an investment in luxury and rarity, and they have become increasingly valuable over time. As one of the world’s rarest diamonds, the Argyle mine pink diamond is an unparalleled treasure. These diamonds are mainly burrowed from the Argyle Diamond Mine in Western Australia, which is one of the few major diamond mines worldwide that provide pink diamonds.
Investment with JennyBay Diamond
At JennyBay Diamond, we take pride in providing the very best Argyle mine pink diamonds to our customers. We work hard to ensure that our diamonds meet the highest standards and the finest quality stones.
At JennyBay Diamond, we offer several ways to purchase Argyle mine pink diamonds for our customers’ convenience. Customers can choose to buy online or visit our workshop to choose the perfect diamond for them. For online purchases, we have an easy-to-navigate website that provides customers with detailed information about each option. For those who prefer to see the diamonds in person, we encourage our customers to visit our workshop. JennyBay Diamond team of experts will be happy to guide them through the process of selecting the perfect color diamond to meet their needs, suits their tastes and budget.
One of the benefits of buying an Argyle mine pink diamond is that over the years, the value of these diamonds has only increased, making them an excellent choice for those looking to gifting to the next generation. The rarity of these diamonds is one of the reasons that they are so valuable, and as the Argyle mine has already close its doors permanently, the value of these diamonds is only expected to increase.
In addition to being a wise investment, Argyle mine pink diamonds are also a symbol of love and commitment. They make the perfect gift for anniversaries, engagements, or any other special occasion. And because they are so rare, they are sure to be treasured by the receiver for many years to come.
