Last ever Argyle diamonds to sell in London

Get Free Quote
Carat Weight
MORE OPTIONS (Color, Clarity)
Carat Weight
MORE OPTIONS (Color, Clarity)
Send request
Share a bit more information with us to finalize your Free Quote request.

Historical events took place in the United Kingdom recently. According to BBC, last ever party of Argyle pink diamonds has arrived in London.

Sixty-four precious stones will be the very last famous Argyle mine has ever excavated. Legendary mining facility in Western Australia has drained its resources and will close by the end of 2020. "It's coming to the end of its economic life. Therefore, those diamonds that a very rare will become even rarer!" said "Argyle Pink Diamonds" CEO Arnaud Soiret.

Approximate cost of the whole 56.28 carats package estimates at £100,000,000 ($123,855,000). The biggest buyers in the world are already eager to compete with each other for these gems.

Argyle mine is the biggest mine in Australia. Some of the experts claim its closure will bring an end to the whole diamond mining industry in the state. One such expert is IBISWorld Senior Industry Analyst Jason Aravanis. "The possibility of a new Argyle-like diamond discovery is unlikely, and Rio Tinto is not currently pursuing exploration opportunities in Australia. If any discovery is made, it will be several years before the discovery is developed into an operating mine. Most of the Argyle mine workforce is expected to be absorbed into Rio Tinto's iron ore operations, or transferred to block cave mines overseas," said Mr. Aravanis.

It is significant that last ever Argyle diamonds came to England. The biggest Argyle pink diamond belongs to the Queen Elizabeth II. The 23.6 carat round cut gem is called the Williamson Pink. Her Majesty received it as a gift for her wedding in 1947.