AUSTRALIA THE RESOURCES RICH NATION UNEARTHS HUGE PINK DIAMOND IN RIO TINTO ARGYLE MINE

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THERE ARE DIAMONDS & THEN THERE ARE DIAMONDS LIKE THE ARGYLE PINK JUBILEE

Mining giant Rio Tinto sources said that Rio has unearthed a “remarkable” 12.76 carat pink diamond in Australia, the largest of the rare and most precious stones ever found in the resources-rich nation.

Named the Argyle Pink Jubilee, the huge rough stone was found at Rio’s pink diamond holdings in the Kimberley region of western Australia and would take almost 2 weeks to cut and polish, it was said.

“This rare diamond find is generating incredible excitement. A diamond of this calibre is unprecedented — it has taken 26 years of Argyle production to unearth this precious gem and we may never see one like this again,” said Josephine Johnson from Rio’s Argyle Pink Diamonds division.

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“The individual who gets to wear this remarkable pink diamond will be an  incredibly lucky person.”

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

The Williamson was discovered in Tanzania in 1947 and  ranks 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, typically large stones like the Jubilee typically went to museums, were gifted to royalty or end up at prestigious auction houses like Christie’s for sale to the highest bidder.

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

When the Jubilee pink 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.

This 12.76 carat sparkling gem which was discovered at the Rio Tinto Argyle mine is among the largest and most valuable pink diamonds in the world.

The rarest of diamonds, pink diamonds have been  known to fetch about $1 million a carat on the market.

Sourced & published by Henry Sapiecha

 

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