Arglye Diamond Mine to Close in 2020


It is known that the Argyle mine produces the most beautiful pink diamonds in the world. Only 5% of mined diamonds are of gem quality.

Less than 1% of this 5% are pink diamonds. Despite the low production volume, the Argyle mine is the only reliable source in the world, producing 90 to 95% of all pink and red diamonds.

With the closure of the Argyle mine in 2020, there will be rarity in supply and this will definitely push the demand and price up for pink diamonds in current circulation.

Simone Jewels invested in a small lot of pink Argyle diamonds more than 5 years ago. Most have been sold and this is the moment our customers have been waiting for i.e. price appreciation.

Read full article here: