The #Argyle #diamond mine, located in the East #Kimberley region of Western #Australia, was one of the world's largest producers of diamonds and particularly famous for its rare pink diamonds.
Here are some key points about the Argyle mine:
👉🏻 Discovery and Operations; Discovered in 1979, the mine began production in 1983. It was owned by Rio Tinto and was a significant source of the world's diamonds, producing more than 90% of the world's pink diamonds.
👉🏻 Types of Diamonds: While the mine produced a variety of diamonds, it was renowned for its pink, red, and purple diamonds, which are among the rarest and most valuable gemstones in the world. The mine also produced champagne, cognac, and blue diamonds.
👉🏻 Economic Impact: The Argyle mine significantly contributed to the local and national economy through employment, infrastructure development, and revenues from diamond sales.
👉🏻 Environmental and Social Considerations: Throughout its operation, the mine had various environmental and social initiatives aimed at minimizing its impact on the local ecosystem and supporting the local indigenous communities.
👉🏻 Closure: The Argyle mine ceased operations in November 2020 after exhausting its economically viable diamond reserves. The closure marked the end of an era for the global diamond industry, particularly for the supply of pink diamonds.
👉🏻 Legacy and Market Impact: The closure of the Argyle mine has significantly impacted the availability and price of pink diamonds, making them even more valuable and sought after in the global market.
The Argyle mine remains an iconic part of the diamond industry’s history, known for its unique and highly prized gems. Diamtrader
Photo: paulbram.com.au
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1moCongratulations on the new building. Hope to come have a tour one day.