How big is the Argyle diamond mine?

Description. The mine site covers about 50 ha (124 acres), stretching in a mostly linear shape about 1,600 m (5,200 ft) long and 150 to 600 m (490 to 1,970 ft) wide. Argyle originally used open-pit techniques, reaching about 600 m deep at its deepest point.

What is the biggest diamond mine in the world?

Aikhal – Russia

Aikhal (means ‘fame’) is the biggest diamond mine in the world. It is located in Yakutia, in the far east of Russia. The owner of this mine is one of the biggest mining companies in the world, Alrosa. ALROSA Group is a Russian partially state-owned diamond mining company.

Why is Argyle mine closing?

Reason for the closure

An estimate shows that only 5% of the diamonds mined are of gem 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.

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What is the biggest diamond mine in Australia?

Australia’s largest and most economic diamond deposit has been the Argyle Mine, in the East Kimberley region of Western Australia. It started production in the early 1980s and was, for some years, the world’s largest diamond mine by volume.

Who owns most of the world’s diamonds?

De Beers S.A., South African company that is the world’s largest producer and distributor of diamonds. Through its many subsidiaries and brands, De Beers participates in most facets of the diamond industry, including mining, trading, and retail.

Who owns the biggest diamond mine in the world?

Premier Mine

Opened 1902
Company Petra Diamonds Cullinan Consortium

Who owns the Argyle diamond mine?

The Argyle mine is owned by the Rio Tinto Group, a diversified mining company which also owns the Diavik Diamond Mine in Canada and the Murowa diamond mine in Zimbabwe.

Argyle diamond mine.

Opened 1985
Closed 2020
Company Rio Tinto Group

Is Argyle mine still operating?

Our Argyle Diamond Mine, in Western Australia, ceased production in 2020 after nearly 40 years of operation.

How rare are Argyle pink diamonds?

For the jewellery connoisseur coveting extreme rarity and unparalleled beauty, highly saturated, fancy coloured diamonds represent the ultimate prize. So rare are coloured diamonds that only one in 100,000 diamonds qualifies as a ‘Fancy’ colour.

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.

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Is an Argyle diamond a good investment?

The Argyle Mine

In the past 11 years especially, many of the pink diamond prices have increased by 367%, making them a hard and stable investment, and one that clearly shows strong growth.

What Colour are Argyle Diamonds?

More abundant than pink diamonds, Argyle champagne and cognac diamonds come in a variety of colours from light yellowish browns to rich chocolate and oranges. The lightest and the most intense champagne diamonds are the more highly prized.