A 12.76-carat pink diamond has been unearthed in an Australian mine called Argyle Mine. The stone is the the largest ever found in the country and was named the Argyle Pink Jubilee. The Argyle mine is the world's largest producer of pink diamonds and generates more than 90% of the global market supply of pink diamonds.
It has taken 26 years of Argyle production to unearth this stone, and there may never be one like this again. It will take ten days to cut and polish the diamond into a single stone. The finished stone will be offered for sale later this year and the diamond is expected to be worth at least $1.07 million US dollars.
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