Newly-discovered diamond among world's largest ever

Newly-discovered diamond among world's largest ever

Newly-discovered diamond among world's largest ever

Although very large diamonds have been given specific names, this one has not yet been named.

The company unearthed the D-colour stone at the Letseng mine in the landlocked southern African country and described the 910-carat find as of "exceptional quality".

In a statement, the firm said it believed the stone was the fifth-largest quality diamond ever found. The diamond is the fifth-biggest ever found. Gem sold a 357 carat stone for $19.3 million in 2015 and in 2006 found the 603 carat Lesotho Promise.

At an average elevation of 3,100 metres (10,000 feet) above sea level, Letšeng is also one of the world's highest diamond mines.


"Since Gem Diamonds acquired Letšeng in 2006, the mine has produced some of the world's most remarkable diamonds, including the 603 carat Lesotho Promise".

Can there be a diamond worth Rs 260 crore? Yes. Its value will be determined by the size and quality of the polished stones that can be cut from it. Lucara Diamond Corp. sold a 1,109-carat diamond for $53 million previous year, but got a record $63 million for a smaller 813-carat stone it found at the same time in 2015. According to analysts at Liberum, it could fetch as much as $40 million, based on previous sales of large stones.

The 1,111-carat stone was recovered from its Karowe mine, about 500km (300 miles) north of the capital, Gaborone. The company found at least seven stones bigger than 100 carats in 2017 and five in 2016, as per a Bloomberg report. It was cut into 105 diamonds including the 530-carat Great Star of Africa.

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