Rare Pink Diamond Found In Australia

February 29th, 2012 Terry

It’s taken 26 years of production to unearth this rare pink diamond.

Pink diamonds are one of the most valuable jewels in the world – and now Rio Tinto miners in Australia have unearthed the biggest ever found in the country.

The company’s Argyle mine, situated in the Kimberly region, produces a staggering 90 per cent of the world’s pink diamonds and is describing this example as ‘unprecedented’.

It has named the 12.76-carat jewel the Argyle Pink Jubilee and the bookies believe it may fetch between $50 million at auction.

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 Argyle Pink Diamonds Manager Josephine Johnson in a statement.

Pink diamonds were made famous throughout the world thanks to the popular Pink Panther films starring Peter Sellers.

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