Friday, October 24, 2014

GEM NEWS: Argyle Pink Diamonds Get International Advertizing Push

Have you noticed on the Internet almost everywhere there is an advert for Argyle pink diamonds? This is part of Rio Tinto's push into the global market. The Australian diamond industry recorded a growth of 24% in 2013 and further growth in 2014 (Ibisworld). Biggest demand is from the US, followed by China and India.

The Rio Tinto's Argyle Mine in Western Australia produces more than 90% of the world's supply of pink diamonds. They are cut and polished in India and mostly sold in Antwerp.

Several companies specialize in selling pink Argyle diamonds, James Allen and Leibish Co being notable. Check what they have on hand for that special gift at Leibish Co.