Huge pink diamond discovered in Australia

Huge pink diamond discovered in Australia

PanARMENIAN.Net - Mining giant Rio Tinto said it has unearthed a "remarkable" 12.76 carat pink diamond in Australia, the largest of the rare and precious stones ever found in the resources-rich nation, AFP reported.

Named the Argyle Pink Jubilee, the huge rough stone was found at Rio's pink diamond operations in the Kimberley region of western Australia and would take 10 days to cut and polish, the miner said on Wednesday.

"This rare diamond is generating incredible excitement. A diamond of this calibre is unprecedented - it has taken 26 years of Argyle production to unearth this stone and we may never see one like this again," said Josephine Johnson from Rio's Argyle Pink Diamonds division.

"The individual who gets to wear this remarkable pink diamond will be incredibly lucky indeed."

The light pink Argyle Jubilee is a similar color to the 24-carat Williamson Pink given to Britain's Queen Elizabeth II as a wedding gift which was later set into a Cartier brooch for her coronation.

The Williamson was discovered in Tanzania in 1947 and is ranked among the finest pink diamonds in existence.

Rio produces more than 90 percent of the world's pink diamonds from the Argyle mine, and said large stones like the Jubilee typically went to museums, were gifted to royalty or end up at prestigious auction houses like Christie's.

Christie's had only auctioned 18 polished pink diamonds larger than 10 carats in its 244-year history, Rio said.

When the Jubilee diamond has been cut and polished it will be graded by international experts and showcased globally before being sold by invitation-only tender later this year.

 Top stories
The official launch ceremony of the Farm Service Center was held with the participation of the U.S. ambassador to Armenia.
"Those events served the purpose we had set, including the issue of raising awareness of the Armenian Genocide," Vigen Sargsyan said.
“Our people have created their path to ascent through sacrifice, struggle, efforts to voice their righteous case,” Karekin II said.
Artsrun Hovhannisyan was asked to comment on Armenia’s somewhat passive reaction to the acts of aggression provoked by the adversary.
Partner news