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Market NewsNewsArgyle mine nears end of life

Argyle mine nears end of life

Sometime in the next few years Argyle Diamonds, Australia’s biggest diamond mine and the source of rare and prized fancy pink gems, will come to the end of its life, businessinsider.com.au reported.

The shutdown, and the loss of Argyle’s output of 14 million carats of diamonds a year, will cut world production by around 10% and is expected to create upward pressure on prices, said the businessinsider.com.au report.

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