Largest 12.76 Carat Pink Diamond Found at Rio Tinto Argyle Mine in Australia

Pink DiamondThe biggest pink diamond was discovered at Rio Tinto Argyle mine in the East Kimberley region of Western Australia. Rio Tinto Argyle mine is the world’s largest producer of rare pink diamonds and creates more than 90% of the global market supply.

The 12.76 pink carat diamond will be sold at an auction after it gets cut and polished. It’s expected that it will sell for up to $10.6 million. Richard How Kim Kam who is an expert diamond polisher and has worked for Argyle for 25 years will start to work on polishing the pink diamond in Perth today.

After two months of careful assessment and planning, it will take about 10 days to cut and polish the diamond as a radiant cut stone. Richard How Kim Kam says, “I’m going to take it very carefully. I know the world will be watching.”

Once the pink diamond is cut and polished it will be graded by international experts then it will be showcased to the world before it’s sold at the Argyle Pink Diamonds Tender later this year.

According to Sotheby’s Asia department head of jewelry, Chin Yeow Quek, “It is hard to judge a stone in the rough. It really depends on how large the rock will be polished downed to.” He explained, “Diamonds tend to lose at least 50 percent of their weight during the polishing process. It also depends on the intensity of color and clarity.”

Argyle Pink Diamonds Manager, Josephine Johnson said, “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. The individual who gets to wear this remarkable pink diamond will be incredibly lucky indeed.”

Pink diamonds that are natural are considered one of the most valuable types of diamonds. You can only usually find them in museums, fancy auction houses, and with royalty. “The Argyle Pink Jubilee is in a similar light pink color to the 24-carat Williamson Pink that Queen Elizabeth II received as a wedding gift and was subsequently set into a brooch for her Coronation,” said Rio Tinto Diamonds.

Image Source: AFP

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