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After Argyle, What's Next for Australia's Diamond Sector?


The future of the Australian diamond sector is now heavily reliant on exploration, with firms vying to make another large discovery.
Click here to read part one of this article, which covers t
he closure of the Argyle diamond mine.
When the mining equipment permanently shut down at Western Australia’s Argyle mine in November 2020, the country’s diamond sector entered a transitional period.
As the world’s fourth largest diamond-producing asset shuttered, domestic output of the gems instantly declined by as much as 90 percent.
The future of the Australian diamond-mining sector is now heavily reliant on exploration, with several companies vying to discover another formidable source of rare diamonds. ....

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5 of Australia's Rarest Diamonds | Most Valuable Gems


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.
 
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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. ....

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