‘The new Faberge egg’: Pink diamond prices set to soar as Australian mine producing 95% of the world’s supply prepares to close forever
This article originally appeared on the Daily Mail and can be accessed here.
The price of pink diamonds is expected to soar after the Argyle Diamond Mine which produced nearly the entire world supply closes this week.
The world’s largest pink diamond mine began when a group of geologists stumbled across a stone in the Kimberley region of Western Australia in the 1970s.
Since owner Rio Tinto began production in 1983 the mine has produced 95 per cent of the world supply of the rare diamonds.
Twinkling from rose through magenta to purple, the stones have commanded some of the diamond market’s highest prices. read more