Posted on Tuesday, November 7th, 2017 at 10:02 pm by Noreen
The Argyle Diamond Mine is a diamond mine located in the East Kimberley region in the remote north of Western Australia. Argyle is the largest diamond producer in the world by volume, although due to the low proportion of gem-quality diamonds it is set to close by 2020. It is the only known significant source of pink and red diamonds, producing over 90% of the world's supply. It additionally provides a large proportion of other naturally coloured diamonds, including champagne, cognac and rare blue diamonds. On June 21, 2015, after more than 11 years and 42 kilometres of tunnelling, the Argyle underground block cave development was officially completed. In 2013, Argyle is estimated to produce 10.2 million carats with an average per carat price of $25/carat.
The Argyle diamond mine is also notable for being the first successful commercial diamond mine exploiting a volcanic pipe of lamproite, rather than the more usual kimberlite pipe; much earlier attempts to mine diamonds from a lamproite pipe in Arkansas, USA were commercially unsuccessful. 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.