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Australia ranks fourth in diamond production with annual output of roughly 14.2 million carats. Learn about five of the country’s most unique gems. There are three famed diamond mines in Australia: Argyle, Ellendale and Merlin. Combined, the mines have supplied millions of carats worth of gems to the global market, and individually they have produced some of the rarest, most exquisite stones ever recovered. In previous years, Australia has ranked fourth in global diamond production with annual output of roughly 14.2 million carats. However, the country is unlikely to take a top spot in 2021.   PROMISING Stock Picks! That’s because 2020 was a transitional year for the nation’s diamond sector with the permanent closure of Argyle, its only operational diamond mine. As one of Australia’s most prolific mines, Argyle produced 865 million carats over 37 years, including 90 percent of the world’s rare pink diamonds.

Northern territoryGibb riverWestern australiaPaul zimniskyArgyle octaviaArglye octaviaJoseph gutnickArnaud soiratJohn chapmanBill johnstonKimberly diamond companyTiffany coAustralian museumRio tintoDelta diamond laboratoryInvestment commission