The Argyle mine is set to close at the end of next year, now that its supply of economically viable jewels has been exhausted. Rio Tinto (owner of the Argyle mine) has said before that they’re closing the mine, then they found a way to keep it open. Australia’s famous Argyle Mine, which has mined 90% of the world’s pink diamonds since 1983, officially closed its operations today. Diamond mines are not forever — not even the world’s most productive. December 3, 2020. The country’s supply of rough diamonds had begun to rely entirely on the output from Argyle after the suspension of Ellendale mine in 2015, which produced gem and industrial-quality diamonds, including fancy yellow diamonds, following the collapse of Kimberley Diamond Company in the same year. Outlook for diamond mining. Will this closure cause the world to run out of diamonds? Doch bald wird diese Mine schließen und, da keine andere Diamantenmine mit diesem Potenzial bekannt ist, geht die Produktion ihrem Ende zu. Sometime in the next few years Argyle Diamonds, Australia’s biggest diamond mine and the source of rare and prized fancy pink gems, will come to the end of its life. That being said, only one in every two and a half million tons of ore processed in the mine contains a pink diamond. This month, Melbourne University Publishing released Argyle: The Impossible Story of Australian Diamonds, a comprehensive history of the mine by Stuart Kells.. The iconic Argyle diamond mine in Western Australia's Kimberley region has closed down after 37 years of operation. The Argyle Mine: Why has it closed? Auctioneers say demand and prices for pink diamonds have risen, partly on interest from Asia. Diamond Investing News reported that after Rio Tinto announced the 2018 closure of the Argyle Mine, brown diamonds suddenly became a hotter commodity. The annual Argyle Pink Diamonds Tender is arranged for a photograph at the Argyle diamond mine on Friday, July 12, 2019. The Argyle Mine in Australia, one of the world’s best sources for pink and brown diamonds, will close by 2020.It is both one of the largest sources of brown diamonds, and largest diamond producer in the world by volume. Following the last production from the Argyle mine in 2020, we anticipate that it will take five years to decommission and dismantle the mine and undertake rehabilitation, followed by a further period of time for monitoring.. Argyle continues to employ people post-mining to work on rehabilitation and monitoring, continuing to pay wages and contributing to the local economy. The mine also became the largest supplier of natural coloured diamonds: white, champagne, cognac, blue, violet, and the rare and highly-coveted Argyle pink and red diamonds. Rio Tinto's Argyle Diamond mine is known to produce some of the finest and most valuable Pink, Red, Violet, and Blue diamonds in the world. In addition to being the fourth largest diamond mine in the world by volume, the mine had been the largest and most significant source of rare pink diamonds, producing 90% of the world’s supply. Red, however, is the rarest color of Argyle diamond. Demand for and the price of pink diamonds continue to rise as Rio Tinto’s Argyle mine in Australia nears the end. Argyle Diamond Mine. Rio Tinto Argyle-Diamantenmine ist bekannt für die Schürfung einiger der weltweit edelsten und wertvollsten Diamanten in Pink, Rot, Violett und Blau. Having recovered with about 7 macro diamonds and 112 micro-diamonds, Little Spring Creek of Australia has been considered to be among the best prospects in decades. With the largest diamond mine closing in a year, prospectors have started to seek new sources. In fact, a whopping 80 percent of the diamonds unearthed here are brown. Only, with the mine closing down and no other diamond mine with the same capabilities on the horizon, production is soon coming to an end. Argyle Diamond Rarity and Prices. Pink Diamonds Are An Even Rarer Commodity The mine that supplies 90 percent of the world’s pink diamonds will cease production later this year . The Argyle diamond mine had its last day of mining on Tuesday, after making a significant contribution to the industry’s history during its 37 years of operation. Only, with the mine closing down and no other diamond mine with the same capabilities on the horizon, production is soon coming to an end. The Argyle Diamond Mine in Western Australia, which was discovered in October 1979 and mined since 1983, closed Tuesday. Rio Tinto's Argyle Diamond mine is known to produce some of the finest and most valuable Pink, Red, Violet, and Blue diamonds in the world. Argyle, the fourth biggest diamond-producing mine in the world by volume, averaging annual production of 8 million carats, saw its production peak in 1994, when 42 million carats were produced.. The source of more than 90 per cent of the world’s pink diamonds, the Argyle Mine in the Kimberley region of Western Australia, has been permanently closed by owner Rio Tinto after more than 30 years of operation. Rio Tinto’s Argyle diamond mine has finally closed Pink diamonds from the Argyle mine in Western Australia have been likened to works of art like Fabergé eggs. The Argyle pink diamonds found in the mine are usually more of a bubblegum-like pink tone with an excellent appearance. “Today we take them for granted because we’ve been seeing them for almost 35 years and they’ve been part of our existence that long. “Argyle really helped put fancy color diamonds on radar,” says Shor. 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