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Search resuls for: "Murray Rayner"


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CNN —Pink diamonds are extremely rare and coveted — a now-closed mine in Australia has been the source of 90% of the colored gemstones. The Argyle diamond mine is located in the remote Kimberley region in the far northeast of Western Australia. At Argyle, this process occurred around 1.8 billion years ago when Western Australia and Northern Australia collided, turning the once-colorless diamonds pink hundreds of miles below Earth’s crust. Pink diamonds from the Argyle diamond mine were formed when an ancient supercontinent was breaking up into fragments, according to a new study. This chain of events, according to the study, suggested that the junctures of ancient continents may be important for finding pink diamonds — and may guide exploration for other deposits.
Persons: , Hugo Olierook, Curtin, John de Laeter, Murray Rayner, Murray Rayner Supercontinents, Argyle, ” Olierook, Organizations: CNN, Western, Argyle, Nature Communications, Northern Australia, Rio Tinto, “ Argyle Locations: Australia, Argyle, Perth, Kimberley, Western Australia, Northern
A study found that Australia's tectonic plates stretched, creating large deposits of pink diamonds. Pink diamonds are made under extreme pressure when two continents collide. Turns out, pink diamonds form under even more intense conditions than traditional clear diamonds. Though pink diamonds have been found in Angola and India, Argyle was by far the most prolific site — 90% of the world's pink diamonds came from it. After all, there is financial incentive behind finding a second Argyle — pink diamonds have sold for as much as $71 million dollars, according to Forbes.
Persons: that's, Murray Rayner, , Hugo Olierook, Olierook, Nuna, Anna Cisecki, Stockhead, Argyle, Forbes, LiveScience Organizations: Service, Nature Communications, Argyle, University of Curtin, Diamond Portfolio Locations: Wall, Silicon, Argyle, Kimberley, Australia, Angola, India
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