Argyle Diamond Mine History Timeline &
Why Investing in Pink Diamonds Makes Sense?
Argyle Diamond Mine was one of the world's most famous diamond mines in Australia. It was at times the largest diamond producer in the world by volume. As well as providing the only substantial source of its world-famous pink diamonds the mine also provided a large proportion of other coloured diamonds including red, champagne, cognac and rare blue diamonds. The Argyle mine was situated in Kimberley Western Australia and ceased operations in November 2020, with a planned decommissioning and rehabilitation of the site at least through to 2025 by Rio Tinto. Due to the pink diamond scarcity generated by the recent Argyle mine closure, there are now some great Argyle pink diamond investment opportunities that are well worth your attention.
Below we have put together an Argyle diamond mine timeline which gives you a comprehensive history of the Argyle diamond mine and the wonderful and highly revered pink diamonds it once produced.
The History of Argyle Diamond Mine & What Makes Argyle Diamond investments Unique
Previously the world’s largest mine, the Argyle Diamond Mine was first discovered in 1979 by a group of geologists exploring diamond deposit opportunities in the Kimberly region of Western Australia. For centuries, pink diamonds have been regarded as some of the world's most sought after gems due to their rarity and their command prices far exceeding those of white diamonds making them a great investment opportunity. In 2009, approximately 160 million carats of rough diamonds were produced worldwide and only 30,000 carats were rough pink diamonds giving them just 0.03% market share globally.
Argyle Diamond Mine is located in the Kimberley region of Western Australia, and it was discovered in 1979. The mine has produced over half a million carats of diamonds since its discovery. The Argyle pink diamond is rare because only 1% of the mined diamonds at the Rio Tinto Argyle Diamond Mine were pink. As highlighted in the above Argyle diamond timeline before closure in Nov 2020 the Argyle Diamond mine produced virtually the entire global supply of pink diamonds as well as unique shades of Blue/Violet diamonds. In 1984, Rio Tinto established a tender for the pink diamond investment process which was a significant contributor to establishing the profile of Argyle pink diamond production around the world. A small number of invited clients were given viewings on a selection of the most exceptional pink diamonds produced each year, known as the Argyle Pink Diamond Tender stones, these pink diamond investors then lodge sealed bids to secure these priceless diamonds.
We are sure you will agree that since its discovery in 1979 and the Argyle pink diamond mine closing in 2020 it has made a massive contribution to the global luxury pink diamond market. And will more than likely never relinquish its title of being the largest diamond mine in Australia and probably the world while cementing itself through the widespread Argyle diamond investments which take place around the world.
Why Invest in Pink Diamonds from the Now Closed Argyle Diamond Mine
Following the Argyle diamond mine closing and ending diamond production in Nov 2020 we are now presented with a very unique opportunity investing Argyle pink diamonds. Since the closure of the Argyle mine and the chances of a newly discovered pink diamond mine replicating the properties of the Argyle mines are slim to none. What makes Argyle diamond investments so appealing is that there are currently no other pink diamond mining operations in the world at this time, so even if there were another discovery following ongoing exploration, it would be 10 years before any new mines could be operational and mining diamonds. Unlike white diamonds that have an established list price for sale, every pink diamond is different and cannot be compared to one another. If you're looking for an investment with some exclusivity to it then Argyle diamond investments in these rare and now scarce gems may just make complete sense!
Diversify your Portfolio Investing in Pink Diamonds
Investing in pink diamonds is a unique opportunity to not only diversify your portfolio but also invest in a product that has appreciated exponentially over the last 25 years. Argyle Pink Diamonds have increased in value due to their scarcity since the closure of the Argyle diamond mines and are currently providing an excellent growth opportunity for investors around the world.
Pink Diamond Investment is a Great Hedge Against Inflation & Financial Uncertainty
Another important factor to consider when looking at Argyle diamond investments is the uncertainty in global financial markets as they continue to show volatility and instability in the boom and bust landscape which makes up a large part of the global financial system. All underpinned with central banks printing trillions of dollars of fiat currency out of thin air with huge balance sheets of unpayable debt. As a hedge against the above-mentioned uncertainty investors and collectors around the world are taking a closer look at rare, hard luxury assets to diversify their portfolio. Argyle diamond investments are also an excellent hedge against inflation due to their unique characteristics of scarcity which have been accelerated further since the Argyle mine closed; it would not even be unreasonable to compare them to investing in Bitcoin.
There are many reasons why an investor might want to invest in pink diamonds. The Argyle Diamond Mine is one of the only Australian diamond mines that has ever produced these rare gems, and it's now closed. In addition to being rare, they also have a very high value with prices for Argyle Pink Diamonds outperforming major equity indices over 25 years. This makes them a good investment no matter what economic cycle we may be in!
Reap the Financial Rewards of Argyle Pink Diamond Investments
Investment in Pink Diamonds can reap considerable rewards. As the global recession of late 2008 was materialising, Rio Tinto received the highest price ever paid for a Pink Diamond from the Argyle Diamond mine. A year later a five-carat vivid Pink Diamond achieved US$10.7 million at auction. The following year a 24.78ct sold for US$46.2 million and in 2013 we saw a 59.6ct Fancy Vivid Pink sell for US$83.2 million, a world auction record for any diamond.
The argyle pink diamond is one of the rarest diamonds in the world. These gemstones from the legendary pink diamond Argyle mine have been prized for their rarity and scarcity since its discovery in 1979. Now, as demand for these gems continues to rise, prices at jewellery auctions have continued to follow a similar pattern since 2010, with buyers consistently willing to pay well above the pre-estimated prices to secure a stone. And so, as time passes each Argyle Pink diamond becomes more collectable, highly sought after and valuable - with an enduring legacy that goes beyond its investment potential.
Argyle Diamond Mine History & Argyle Pink Diamond Investment FAQs
Are Argyle pink diamonds a good investment?
Argyle pink diamonds are becoming increasingly popular, with some even considering them the "next big thing." They may be especially good investments due to their high growth rates and the rarity of these unusual diamonds. The average yearly investment growth for Argyle pink diamonds is around 15% and has reached up to 20% or more in some cases. It's important to note that prices generally increase monthly because of the rarity and value of these pink gems. If you're interested in Argyle diamond investment and making a purchase visit our pink diamond sales page.