Argyle Diamond Pipe was a Reward of Hard Work of Australian Geologists
How were the new Australian diamonds called Argyle diamonds found? Diamonds were found in Western Australia since 1870s. Diamonds were found in the Argyle region in 1970s too but it was not considered a big discovery. More mining was done but the news was not very encouraging because the mining was not very economical. The discovery of the beautiful and large Argyle diamond pipe was really the discovery of hard and long years of work of geologists. They made the discovery while working in Smoke Creek near the awesome Lake Argyle, a man-made dam covering some 720 square kilometers. The teams found several stones of diamond rough in the creek bed and they back tracked along the course finding more diamonds as they went until they climbed high into the range and before long were standing on the Argyle diamond pipe.
Beautiful Array of Colors of Argyle Diamonds
Australian diamonds are unique and getting very popular for their beautiful array of colors and unique brilliance. They are popular in Australia and also becoming very popular internationally. Surprisingly, the new diamonds mines called Argyle diamonds are mined in the Kimberly region of Western Australia with the same name of the diamond mine where the De Beers started their biggest empire 200 years ago in South Africa. In addition to brilliant and dazzling white, the Argyle diamonds have cognac, sparkling champagne, soothing wine and also exotic pink streaks of lovable colors.
The Vast Supply of Diamonds from the Agryle Mines
According to Wikipedia, 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, is not the leader by value. It is the only known significant source of pink 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. Argyle is currently transitioning from an open pit mine to an underground mine. 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.
Shattering De Beers Diamond Monopoly
Today, Argyle diamonds constitutes about 1/3rd of the world's diamond supply which is not controlled by De Beers. rare pink diamond to the classic white and natural champagnes, Argyle Diamonds are fascinating diamond lovers around the world. in 1930s, De Beers controlled about 80% of world's diamond supply. In 1996, Argyle Diamonds announced that it will not sell its diamonds through De Beers CSO (Central Selling Orgamization) any longer. De Beers denies that Argyle diamonds will have a major effect on their world diamond monopoly. The opinion from the De Beers' camp is that Argyle's presence in the diamond market will have little effect on their monopoly. Tim Capon (1998), De Beers Executive Director, believes that De Beers' diamonds are far superior to anything that Argyle markets. From the rare pink diamond to the classic white and natural champagnes, Argyle Diamonds are firing the world's imagination. And why shouldn't they? The Argyle Diamond Mine is the world's biggest producer of natural diamonds and contributes approximately one-third of the world's natural supply.