CASE STUDY: ARGYLE DIAMOND MINE ‘Beyond Rare’
Located in the remote East Kimberley region of Western Australia, Rio Tinto’s Argyle Diamond Mine is the only consistent source of pink diamonds in the world, accounting for almost all of the world’s pink diamond supply (90%).
The mine is a source of white, champagne, and pink diamonds as well as other rare colours such as red and blue, but its name is most commonly associated with it’s signature stone, the Argyle Pink.
Over the past 11 years (2005 – 2016) pink diamonds have appreciated in value by around 365%, with the rare Type 1a Argyle Pink Diamond exhibiting the most significant gains.
They have outperformed all other reliable economic indicators including the Australian All Ordinaries Index and the Australian Property Market by a considerable margin.
The Argyle mine may be the largest source of pink diamonds that the world will ever see, but there are only so many diamonds left within it, which has seen them gaining in popularity among investors, diamond enthusiasts, and celebrities.
Regardless of whether the Argyle mine shuts its doors in the next few years or not, one thing is certain; it will be remembered as an iconic diamond empire, synonymous with quality and rarity.
Pink Diamond Origin
The story of the argyle pink diamond is a almost as captivating as the rare gem itself. Across the breadth of 1.6billion years, on a journey from the Earth’s centre, the most intriguing diamond in history emerges, with an exquisite beauty that is both regal and mesmerizing. The Argyle pink diamond’s spectacular outback origin can be seen in this marvel that depicts every shade of the desert sunset, from a cherry blossom pink, a soft rose , an alluring violet to a dramatic red.