Could 'fancy yellows' be the new pink? Race to revive diamond mine brings back industry's sparkle

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Diamantaires across the world are a step closer to having a new source of coloured diamonds in Western Australia's Kimberley region, with two companies racing to revive a mothballed mine which once produced half the world's supply of 'fancy yellows'.

Diamantaires across the world are a step closer to having a new source of coloured diamonds in Western Australia's Kimberley region, with two companies in the race to revive a mothballed mine which once produced half the world's supply of "fancy yellows".The shuttered mine once produced half the world's supply of fancy yellow diamondsclosure of the iconic Argyle diamond

Managing director Peter McNally said if the company successfully restarted production, it would be Australia's first operational diamond mine since Argyle's closure last year. "They're not as rare as the pinks, the reds or the blues [but] the yellow diamonds are probably still the most popular of the coloured diamonds," he said.

Mr McNally said he was encouraged by the results of an independent study of the diamonds recovered last year, which revealed many of the stones displayed a purple fluorescence under ultraviolet light. The acquisition included the adjacent Blina diamond project, north-east of Ellendale, which is already fully permitted and ready for trial mining to begin.Managing director Peter Ravenscroft said they were in the process of building a bulk sampling plant and he was confident they would be in production by the fourth quarter of 2022.

"Effectively building an end-to-end business, so all the way from mine production through to diamond sales in the polished diamonds.

 

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Yes but… you can make them in a lab

I’m sure pee yellow diamonds will be very popular.

The greatest scam in the history of the World was DeBeers convincing couples to buy diamond rings

the diamond market is a completely manufactured market. they are near worthless.

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