One of the Biggest Diamonds in History Has Just Been Dug Up – by Thomas Biesheuvel (Bloomberg News – January 15, 2018)

https://www.bloomberg.com/

One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa.

Gem Diamonds Ltd. found the 910-carat stone, about the size of two golf balls, at its Letseng mine in the country. It’s a D color Type IIa diamond, which means it has very few or no nitrogen atoms and is one of the most expensive stones. The diamond is the fifth-biggest ever found.

The Letseng mine is famous for the size and quality of the diamonds it produces and has the highest average selling price in the world. Gem sold a 357-carat stone for $19.3 million in 2015 and in 2006 found the 603-carat Lesotho Promise.

“This exceptional top-quality diamond is the largest to be mined to date and highlights the unsurpassed quality of the Letseng mine,” Chief Executive Officer Clifford Elphick said in a statement.

Gem did not say how it will sell the diamond or what it could be worth. 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 last year, but got a record $63 million for a smaller 813-carat stone it found at the same time in 2015.

For the rest of this article: https://www.bloomberg.com/news/articles/2018-01-15/one-of-the-biggest-diamonds-in-history-has-just-been-found

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