Pink diamonds, already rare, are about to get scarcer as Rio Tinto has closed its iconic Argyle diamond mine, the world’s biggest and the main global source of high-quality pink diamonds. Since opening its doors 37 years ago, the Western Australia mine produced 865 million carats of rough diamonds and became the source of about 90% of the … Read more
Rio Tinto will dig the last diamonds up from the ground at its Argyle deposit in Australia on Tuesday, marking the end of an era in the industry. The company will continue to sift through ore at the adjacent processing plant until December, and will hold the final rough sale at the end of that … Read more
Australian Diamond Portfolio is set to showcase a selection of the last pink diamonds to be unearthed in Australia before Rio Tinto closes the Argyle mine in Western Australia. It is rumoured that final excavation at the Argyle mine will take place on November 2. Sydney-based Australian Diamond Portfolio will curate a set of pink … Read more
Rio Tinto will launch a tender of large rough diamonds, including the last of its special stones from the Argyle deposit in Australia. The miner will feature 28,399 carats of special-sized rough — weighing more than 10.8 carats — from Argyle at the sale, which will take place in October and November, Rio Tinto said … Read more
India’s super rich are rushing to grab an Argyle pink diamond before the primary source of rarest pink diamonds in the world for the last four decades, Rio Tinto’s Argyle mine in Australia closes down operations by the end of the year. Diamond traders said demand for Argyle pink diamonds has shot up by three … Read more
Rio Tinto has showcased its rare pink, red, violet and blue diamonds from the Argyle mine in Western Australia virtually to a group of collectors, connoisseurs and luxury jewellery houses. The 2020 Argyle Pink Diamonds Tender is a collection of the rarest diamonds from this year’s production of precious gems produced at the east Kimberley, … Read more
The world’s second-largest miner, Rio Tinto (ASX, LON, NYSE: RIO), announced that Hong Kong-based coloured diamond specialist Kunming Diamonds is now one of the company’s 13 authorized partners for Argyle pink diamonds. In a press release, Rio said this means Kunming will be entrusted with the care and custody of the gems. Established in 1987, … Read more
The price of super-rare pink diamonds is to set to rocket with the forthcoming closure of the Argyle mine in Western Australia, which has been responsible for 90 per cent of world supplies. Owners Rio Tinto plan to cease production by the end of 2020, when economically-viable reserves will run out.The value of pink diamonds … Read more
FANCY PINK DIAMONDS soared 116% in value over the past decade, outpacing blues (81%) and yellows (21%), according to a report by the Fancy Color Research Foundation (FCRF), an Israel-based group that tracks diamond pricing data in the global trading centers of Hong Kong, New York and Tel Aviv. While the overall index for fancy-color … Read more
Argyle tender pink diamonds