$10 Million Diamond Found - as part of the news and politics series by GeoBeats.

Gentlemen, keep your ladies away from this news! A stunning 12.76 carrot pink diamond was recently unearthed in a diamond mine in Australia. Named the Argyle Pink Jubilee, it is expected to fetch over 10 million dollars!

Characteristics of diamonds are remarkable - they are the hardest natural substance on Earth. Formed at depths of about 100 miles, their growth can take several billions of years! Yes, that's right billion with a b.
Pink diamonds are particularly rare and desirable. The ones with deepest and most vibrant pink colors tend to come from Australia.

Argyle Pink Jubilee was discovered at Rio Tinto's Argyle diamond mine in Western Australia's East Kimberly region. According to Argyle Pink Diamond's manager, it took them 26 years of production to unearth this diamond.

For the curious minds, here's another fascinating point on diamonds.. The oldest diamonds, carbonados or black diamonds, are believed to have been brought from space by an asteroid that hit our planet.