Australia's largest rough pink diamond unearthed
25 Feb BBC
An Australian mining company says it has found a 12.76-carat pink
diamond, the largest rough pink diamond found in the country. The rare
diamond was found at Rio Tinto's Argyle diamond mine in Western
Australia's East Kimberly region.
Estimated to be worth millions, it has been named the Argyle Pink
Jubilee, and is being cut and polished in Perth. It will be sold later
this year after being shown around the world, including in New York and
Hong Kong. The process of polishing and cutting, which began in Perth on
Tuesday, is expected to take about 10 days. The diamond will then be
graded by a team of international experts. More than 90% of the pink
diamonds in the world come from the Argyle mine, a Rio Tinto statement
said.
The Argyle Pink Jubilee is a light pink diamond, the company said. It
is similar in colour to The Williamson Pink - the diamond found in
Tanzania that Queen Elizabeth II received as a wedding gift and which
was subsequently set into a brooch for her coronation. A Rio Tinto
spokesperson said that a diamond of this calibre was ''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 2010, a rare 24.78-carat "fancy intense pink" diamond was sold for
a record-breaking $46 million (£29m), the highest price ever paid for a
jewel, to a well-known British dealer at an auction in Geneva. That
diamond had been in a private collection for 60 years.
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