The Argyle Diamond mine is set to close between 2018 to 2020 although it may close sooner. It’s currently at the end of it’s lifecycle. The pink diamonds from this region are becoming rarer. It is the last time in history to purchase an Argyle Pink Diamond!
In 1994, the Argyle Diamond mine hit its peak output of 42 million carats. Since then, it has declined to 10 million carots.
Over the past 10 years, Argyle Pink Diamonds have increased in value by 14.9% each year. Since January 2005 to July 2016 it has appreciated by 379.1%. (Source: The Fancy Colour Research Foundation)
Rarity, demand and scarcity are driving the cost of these diamonds. The volume of quality pink diamonds (P1-P3) is dwindling fast.
Outside of supply and demand, Argyle Pink Diamonds are highly sought after because of how they are produced. They adhere to the Kimberly Process so you’re assured that they’re “conflict free”. You can source the origin of how the rough diamond through GIA certification.
The Kimberly Process Certification Scheme (KPCS) imposes extensive requirements to prevent conflict diamonds from entering the legitimate trade.