If you like Pink Diamonds, then hold on to your hat, because a monster Pink Diamond was found recently in Australia. The stone named the argyle Pink Jubilee is over 12 carats, and has an estimated value of around $10 million.
The stone was found recently in a Rio Tinto mine that has produced 90% of the worlds pink diamonds, so although it is no surprise to find a pink diamond there, this is by far the largest pink diamond that that mine has ever produced.
For a better look at the diamond check out this Yahoo! report.