12.76 Carats Rare Pink Diamond Found in Australia

A pink diamond , nearly 13 carats, which is said to be the rarest and most precious gem ever found in Australia, was found in a diamond mine operated by Rio Tinto company in the Kimberley region of Western Australia.Representatives of British-Australian mining company Rio Tinto announced Wednesday the discovery of the 12.76-carat rough stone called Argyle Pink Jubilee.

12.76 Carats Rare Pink Diamond Found in Australia (3)

A diamond of this caliber is unprecedented. It has taken 26 years of Argyle production to unearth this stone, and we may never see one like this again, said Argyle Pink Diamonds Manager Josephine Johnson in a statement.

Pink diamonds can achieve very high quality and one million dollars a carat.Pink diamond prices increased significantly in the last 20 years and these stones are now “one of the most concentrated forms of wealth, a greater degree than white diamonds,” said a spokesman for Rio Tinto Group.Approximately 90% of pink diamonds found worldwide from Argyle mine in Kimberley, operated by Rio Tinto group.

According to aboriginal legend, Argyle mine formed when a barramundi fish
jumped by three large mesh fishing nets.White diamonds were discovered in mine its scales shining in the sunlight and pink diamonds are small pieces of its heart.

After being cut and polished, Argyle Pink Diamond Jubilee will be evaluated by international experts, presented in several countries and then auctioned at a private sale, in the second half of this year.




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