The Argyle Diamonds Mine has had 2.2 billion dollars of expansion by Rio Tinto. The Argyle Mine is home to that exquisite and rare diamond the Argyle Pink and it's hoping that this, along with the huge investment made will make the mine attractive to potential buyers.
The Rio Tinto Argyle mine is in the Kimberley in Northern Western Australia, The expansion and investment increases its life to 2020 meaning diamonds can be mined there for at least another 20 years. The pinks are so rare they contribute to just a fraction of the diamond haul from the Argyle mines every year - a pink 1ct diamond can command a price of $1 million to $2 million dollars. These are put into tender and offered to diamond collectors all over the world.
Rio Tinto are selling mines in Canada and Zimbabwe as well as Australia, trying to shave 5 billion dollars of costs from its operation as commodity prices continue to fluctuate. They are currently talking to potential buyers as the outlook for the mine is very positive and also considering floating the mine, which will be worth about $2 billion dollars to Rio Tinto.
So if you fancy owning a few more beauties like the one above, you'll have to dig deep into those pockets. Maybe this years birthday present?