'Most precious' of diamonds revealed in Perth

Under tight security in Rio Tinto's hidden cutting room somewhere in Perth, lies the finished product of a discovery that was kept secret for months: A violet diamond so rare, it is impossible to put a price on.

It was found in the rough of Western Australia’s Kimberley region, at Rio Tinto's Argyle Mine and weighs just over half a gram.

7 News was given access to the diamond, which is so precious it reduced some staff to tears.

Argyle Mine is known for its pink diamonds - but not violet stones. Photo: 7 News
Argyle Mine is known for its pink diamonds - but not violet stones. Photo: 7 News

The Argyle Mine is famous for its pink diamonds, but violet stones are even more rare. In 32 years, only about 12 carats of polished violet diamonds have been produced.

“The only other diamond that is over a carat that is violet was found in 2008, so this is a complete fluke of nature,” Josephine Archer from Argyle Pink Diamonds said.

The diamond was found in the rough of WA's Kimberley. Photo: 7 News
The diamond was found in the rough of WA's Kimberley. Photo: 7 News
Diamonds in the rough - possibly. Photo: 7 News
Diamonds in the rough - possibly. Photo: 7 News

The rough diamond discovered last year was 9.17 carats. The polished stone is 2.83 carats and weighs just over half a gram.

Its colour means it is worth millions.

Only 12 carats of polished violet diamonds have been produced in 32 years. Photo: 7 News
Only 12 carats of polished violet diamonds have been produced in 32 years. Photo: 7 News

“Typically they’re purchased by collectors and gem connoisseurs, the luxury jewellery houses,” Ms Archer said.

The violet diamond will soon go on tour to Copenhagen, Hong Kong and New York, taking WA’s finest to the world stage.