Rio Tinto Discovers 12.76 Carat Pink Diamond in Australia

Reuters reported Rio Tinto (NYSE:RIO,ASX:RIO) has dug up a 12.76 carat pink diamond in the Argyle mine in Australia.

As quoted in the market news:

More than 90 percent of the world’s pink diamonds come from the Argyle mine in the East Kimberley region in the far northeast area of Western Australia.

The diamond, discovered in the Argyle open pit, will be known as The Argyle Pink Jubilee, Rio Tinto said in a statement.

Click here to read the full Reuters report.