Argyle Diamond Mine Closes Pink Diamond Supply Down 90%

#Argyle #PinkDimonds #HeiseSays

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The Argyle Diamond Mine is closing, representing 6% of the East Kimberley gross regional product and 90% of pink diamond supply for the world. What will the economic impact be for this region and will investors flock to the diamonds as a store of wealth?

References

Rio Tinto Argyle diamond mine closure may prompt rush of demand for ‘totally unique’ pink stones

https://www.abc.net.au/news/2020-10-31/rio-tinto-argyle-diamond-mine-closure-prompts-rush-of-demand/12830396?utm_medium=social&utm_content=sf239464330&utm_campaign=fb_abc_news&utm_source=m.facebook.com&sf239464330=1&fbclid=IwAR3NzaFL8sM497QKDNmDnlUMEMzx0YA4QNghFQHjlQmdAAOiyKkAQtzGqOg

https://www.riotinto.com/en/operations/australia/argyle