Recent
Times of Diamonds
During the mid-nineteenth century, diamonds were
also being discovered in eastern Australia.
However, it was not until late 1970's, after seven
years of earnest searching, that Australia's
alleged potential as a diamond producer was
validated.
On October 2nd 1979, geologists found the Argyle
pipe near Lake Argyle: the richest diamond deposit
in the world. Since then, Argyle has become the
world's largest volume producer of diamonds, and
alone is responsible for producing over a third of
the world's diamonds every year.
