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Huge rare pink diamond found in Australia


Mining group Rio Tinto has unearthed an extremely rare pink diamond, Australia's biggest rough pink diamond weighing 12.76 carats at its Argyle mine.

Named the Argyle Pink Jubilee, the huge rough stone was found at Rio Tinto’s pink diamond operations in the Kimberley region of Western Australia and would take ten days to cut and polish, the miner said.

“This rare diamond is generating incredible excitement,” said Josephine Johnson from Rio Tinto’s Argyle Pink Diamonds division.

It is thought to be worth millions of dollars but no-one will know its price until it goes on sale later this year, with selected potential purchasers being invited to bid for the huge gem.