End Of Pink Diamond Supply May Mean Price Hikes
Posted in News on October 11, 2012 by Elite Diams
The Israeli Diamond Industry Article
As Rio Tinto's Argyle diamond mine in Australia enters what may very well be its final decade of operation, a jewelry and diamond industry historian says that this may lead to the inexorable increase in the value of pink diamonds, the Australian reports.
Vivienne Becker says that by the time that the Argyle mine's supply is extinguished, diamonds with a pink color may be considered as valuable as Faberge eggs, fetish objects for jewelry collectors. Becker maintains that the prospects of discovering another source of pink diamonds to fill the gap that will be left by Argyle's closure are "slim to impossible".