Miner tickled pink as rough diamond may be worth €9m

Mining giant Rio Tinto said it has unearthed a “remarkable” 12.76-carat pink diamond in Australia, the largest of the rare and precious stones ever found in the resources-rich nation, which could be worth up to US$12m (€9m).

Named the Argyle Pink Jubilee, the huge rough stone was found at Rio’s pink diamond operations in the Kimberley region of western Australia and would take 10 days to cut and polish, the miner said.

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