abhishreshthaa
Abhijeet S
The Argyle Diamond Mine is a diamond mine located in the East Kimberley region in the remote north of Western Australia. Argyle is the largest diamond producer in the world by volume, although due to the low proportion of gem-quality diamonds, is not the leader by value. It is the only known significant source of pink diamonds, producing over 90% of the world's supply. It additionally provides a large proportion of other naturally coloured diamonds, including champagne, cognac and rare blue diamonds. Argyle is currently transitioning from an open pit mine to an underground mine.
The Argyle diamond mine is also notable for being the first successful commercial diamond mine exploiting a volcanic pipe of lamproite, rather than the more usual kimberlite pipe; much earlier attempts to mine diamonds from a lamproite pipe in Arkansas, USA were commercially unsuccessful. The Argyle mine is owned by the Rio Tinto Group, a diversified mining company which also owns the Diavik Diamond Mine in Canada and the Murowa Diamond Mine in Zimbabwe.
PEST
i. Political
1. Kimberly Process Certification Scheme;
2. Influence of Central Selling Organization or CSO in the diamond industry.
ii. Economic
1. changing economic growth in the USA and Asia;
2. presence of black diamonds.
iii. Social
1. increasing demand for cheap and low quality types of diamonds in the market;
2. increasing demand for colored diamonds.
iv. Technological
1. development of technologies that are used in cutting diamonds in India.
The Argyle diamond mine is also notable for being the first successful commercial diamond mine exploiting a volcanic pipe of lamproite, rather than the more usual kimberlite pipe; much earlier attempts to mine diamonds from a lamproite pipe in Arkansas, USA were commercially unsuccessful. The Argyle mine is owned by the Rio Tinto Group, a diversified mining company which also owns the Diavik Diamond Mine in Canada and the Murowa Diamond Mine in Zimbabwe.
PEST
i. Political
1. Kimberly Process Certification Scheme;
2. Influence of Central Selling Organization or CSO in the diamond industry.
ii. Economic
1. changing economic growth in the USA and Asia;
2. presence of black diamonds.
iii. Social
1. increasing demand for cheap and low quality types of diamonds in the market;
2. increasing demand for colored diamonds.
iv. Technological
1. development of technologies that are used in cutting diamonds in India.