POTENTIAL IMPACTS OF THE ARGYLE MINE’S CLOSURE
Potential Impacts Of The Argyle Mine’s Closure
Why is the Argyle Mine so important?
The Argyle Mine in Western Australia is currently one of the most important producers of diamonds in existence. Not only is it the largest source of coloured diamonds in the world it is also responsible for over 90% of the world’s total pink diamond production. Since commencing mining operations in 1985, it has gone on to become the fourth largest diamond producer by volume worldwide. However, with resources running out and the cost of mining exploration increasing, Rio Tinto, the mine’s owners, have announced plans to cease all mining operations as soon as 2020.
Potential Repercussions
Currently there is no other mine in existence that can replace the level of output the Argyle Mine has achieved over the last few years. This means that when the mine eventually does close, it will significantly affect the supply of coloured diamonds. No other mine on earth can boast a tender like the famous annual Argyle tender and the quality of their investment grade pink, red and violet diamonds is unparalleled.
Whilst there are other mines currently producing coloured diamonds, the growing cost of mining exploration is making it difficult for them to increase their output. It is also highly unlikely that new mines will be discovered any time soon due to the increasing time and resources it costs to excavate.
What does this mean for Investors?
If you’re thinking about investing in coloured diamonds, then now is the ideal time to do it. There is a limited window of opportunity before the Argyle Mine closes and coloured diamonds will likely become increasingly scarce thereafter. The value of coloured diamonds as a whole has appreciated by over 100% in the last decade and is continue to rise year on year. This means that the potential for large scale returns on investment is very good indeed.
Request our Full Information Pack
Our Clients
Rav's enthusiasm and passion is contagious! I have a lot of faith and belief in Rav and have no doubt that he will climb the ladder of success. My investment has had a life line of 6 months and whilst I acknowledge that this is a short time, I am more than satisfied with the way things are going.
-Laura Costello It has been a pleasure working with Rav & his Group and I am excited about how far this company can grow over the next 5 years. A lot to look forward to.
-Wayne Massey Not much to complain about regarding this young man, I have followed his movements since 2012 and I am happy to see him pushing and progressing slowly towards his goals. Good luck to you Rav!
-Roberto Kinney A gentleman in all aspects, Rav has treated me and my portfolio with the utter most respect. How many collectors can boast a rare gem portfolio that consists of a Red diamond?!! Rav has knowledge, confidence and reach, making him a very capable young man.
-Kendall Stout Happy with the way things are going, a little over 18 months in to my investment and no reason for complaints. I like the vision, the strategy and the enthusiasm that Rav brings to the table, making me feel confident about the future ahead.
-Daniel Krause Very easy going, considerate and polite. He has been very promising, hard working and supportive person. Rav's style of presenting his business portfolio and approach was never pushing. He understands both sides of the world and is keen on making sustainable stronger long term relationship with his clients. This type of qualities are very rare and unique.
I have had the pleasure of working with Rav over the past 4 years. Over this period Rav has helped shape my rare gem portfolio in to a world class profile. Rav is a man of insight, knowledge and market intuition. His services are highly recommended.
Rav is at the start of his journey, and I can see this young man building a formidable legacy over the next 20 years. His vision, understanding of the market and client requirement is a foresight that should not be underestimated.
I have been a client of Rav's since 2010, and also one of his first clients. I take great pride in watching this ambitious man grow and evolve. The fact that he is now the leading specialist in the field of rare gems, speaks volume of his contribution over the past 8 years.
Rav is the man of the moment over in the UK. His history, experience and strong performance in this sector is not to be underestimated. I would not hesitate to recommend Rav's services to anyone that may be looking to build a tangible portfolio of rare gems to place in to an investment strategy.
Rav is creative and passionate in his work and craft. I have been a client of his since 2016 & have enjoyed the journey.