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What type of mine is Argyle mine?
The Argyle Diamond Mine is a diamond mine located in the East Kimberley region in the remote north of Western Australia. Argyle was at times the largest diamond producer in the world by volume (14 million carats in 2018), although the proportion of gem-quality diamonds was low.
How are Argyle diamonds mined?
The technologically sophisticated underground operation at Argyle was the first block cave mine in Western Australia. Block cave mining involves undercutting the ore body and allowing it to break up or ‘cave’ under its own weight. It was one of the safest and most economical ways to reach deep into Argyle’s ore body.
What is the biggest diamond mine in Australia?
The largest diamond produced at the Merlin mine measured 104.73 carats (20.946 g), the largest ever found in Australia, and has been valued at over US$525,000 ….Merlin diamond mine.
|Merlin diamond mine Location in Australia|
Where are Argyle diamonds from?
Argyle Diamonds – One of the World’s Largest Mines The Argyle diamond mine, 100% owned by Rio Tinto, is one of the world’s largest suppliers of diamonds, producing approximately 20 million carats each year from its operations in the East Kimberley Region, in the remote north of Western Australia.
Why is Argyle mine closing?
Reason for the closure The diamonds mined in Argyle are of average to low quality. Despite this, the increasing operation cost and a stagnant diamond market, are forcing Argyle mines to close by 2020. Another reason for the closure is that the mines are so deep now that further excavation is unviable.
How much are Argyle diamonds worth?
For an argyle diamond price will start at 80,000$ per carat and can go up to a million dollars per carat. For example, one of the rarest pink diamonds in the world was sold at an auction for a record 46 million.
Did the Argyle mine close?
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.
Why did Argyle diamonds close?
Reason for the closure Despite this, the increasing operation cost and a stagnant diamond market, are forcing Argyle mines to close by 2020. Another reason for the closure is that the mines are so deep now that further excavation is unviable.
What is Argyle pink diamond?
Cerrone jewellery is crafted from an exquisite blend of white diamonds and natural Australian pink diamonds. Sourced from the rugged East Kimberly region in Western Australia, these rare diamonds are a gift of exclusivity.
Are Argyle diamonds worth buying?
Argyle Diamond Rarity and Prices The Argyle mine supplies over 90% of the world’s pink diamonds. Most diamonds have at least one secondary color, so pure Argyle Diamonds are considered extremely rare and valuable. The higher the intensity or strength of the color, the more expensive the stone.
How expensive are Argyle Diamonds?
Is Argyle mine still operating?
Our Argyle Diamond Mine, in Western Australia, ceased production in 2020 after nearly 40 years of operation.