Rare 13-carat pink diamond found in Australia

The nearly 13-carat pink diamond was found in the Rio Tinto diamond mine in the West Australian Kimberley region. It is the rarest and most precious stone ever found in Australia. The British-Australian mining company Rio Tinto has announced a 12.76 carat diamond, calling it Pink Jubilee.



Diamonds of this caliber are unprecedented. It took 26 years of mining and mine operation to unearth this stone, and we may never see something like this again, said Diamonds Manager Josephine Johnson in a statement.

Pink diamonds can achieve very high quality and cost around one million dollars per carat. Their prices have increased significantly over the past 20 years, and they are now one of the most concentrated forms of wealth, far more so than white diamonds. Approximately 90% of the pink diamonds found around the world come from the Kimberley mine run by the Rio Tinto Group.

According to local Aboriginal legend, this diamond mine was formed when barramundi fish got into the fishing nets of local residents. No sooner had they made dinner from it than the fish had broken up into many parts. Her scales, shining in the sunlight, turned into white diamonds, and her heart into pink, breaking into thousands of small pieces.

Having been refined and polished, the Jubilee Pink Diamond will be appreciated by international experts, presented at exhibitions in several countries, and then auctioned at private auction.



Source: lifeglobe.net/