‘Argyle Mine’ World’s Biggest Pink Diamond Mine in Australia, Shuts Down After Exhausting ‘Economic Reserves’

‘Argyle Mine’ World’s Biggest Pink Diamond Mine in Australia, Shuts Down After Exhausting ‘Economic Reserves’

• The world’s largest pink diamond mine, Argyle mine, in the remote Kimberley region of Western Australia, has announced that it is shutting down its business, after 40 years of a successful operation.
• The iconic mine has exhausted all its economic reserves, hence it is shutting down its business.
• The seam was discovered in 1979 and the Anglo-Australian firm began mining operations in 1983.
• It produced more than 90 percent of the world’s pink diamonds.
• Globally, Argyle is the fourth-largest diamond-producing mine in the world by volume.