Pink diamond jewellery price to shoot up?
Demand up & no Argyle supply The Argyle mine’s closure, will undoubtedly affect the balance of the supply and demand of colored diamonds and ultimately their market value Recently Natural Diamond Council (NDC) highlighted the subject of Argyle closures! Talk about a rock-solid investment: the value of an Argyle pink diamond has appreciated by 500 percent over the past 20 years, outperforming all major equity markets. And the stones have just become even more valuable: earlier this month, the Argyle Diamond Mine in Western Australia, the source of 90% of the world’s pink diamonds, was depleted and closed. It’s important to note that pink diamonds aren’t just coveted just for their beauty, but also for their rareness. While it’s believed that the pink color is a result of a twist within the stones’ original atomic lattices during formation over a billion years ago, geologists still face many mysteries regarding their production phenomena. Whatever the cause,...