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The 8.01-ct. diamond that is the largest ever fancy pink stone discovered at the Argyle mine in Western Australia.



  Largest ever pink diamond mined at Argyle to go on display at Melbourne museum


August 10, 2012


One of the largest pink diamonds ever discovered in Australia will not be set in jewelry, but rather be placed on public display. The 8.01-ct. stone, which was discovered last year at the Argyle mine in Western Australia and is said to be the largest-ever fancy pink stone uncovered at the site, has been donated by Argyle's owner, Rio Tinto, to Museum Victoria in Melbourne, Australia.

Argyle had intended making the diamond part of its annual pink tender, where given its size it most likely would have achieved the highest ever price paid. But the company discovered that it could only be partially cut and polished, and decided it should be kept intact and for posterity.

"This is a wonderful opportunity for Museum Victoria to have a permanent record of an important piece of Australian mining history," said Tim Hart, the acting CEO of the museum.

The Argyle Pink Jubilee will go on display in the Dynamic Earth exhibition, which already features more than 3,000 precious minerals and gemstones.

Pink diamonds comprise less than 0.03 percent of global diamond production and Rio Tinto's Argyle Diamond Mine in Western Australia produces virtually the entire supply. "We will find a handful of pink diamonds every year and of that handful, five or six will be more than one carat," said David Peever, Rio Tinto Australia's managing director.

Peever declined to put a price on the 8.01-ct. stone.

To view a video, presented by the Melbourne daily newspaper The Age, of the presentation of the diamond to the museum, please CLICK HERE

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