Diamond found in Lesotho, Africa that weighs more than a baseball

Gladys Abbott
January 16, 2018

"This has been an incredible week for Lucara with the recovery of the second largest and also the sixth largest gem quality diamonds ever mined", Lamb said.

The largest cut diamond in the world is the Golden Jubilee Diamond, which weighs 545.67 carats.

Shares in Gem Diamonds jumped 18% to 95p, valuing the company at £128m in morning trading (15 January).

The diamond, the largest recovered from Letšeng, is believed to be the fifth largest gem quality diamond ever recovered.

According to British-based diamond company Gem Diamonds, the 910-carat precious stone is the largest discovered at the Letšeng mine since 2006, when the 603-carat Lesotho Promise was unearthed.

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The diamond miner uncovered the D-color stone at the Letseng mine and described the 910-carat diamond as being of "exceptional quality". The previous largest find in Lesotho, the 603-carat Lesotho Promise diamond, sold for $12.4 million in 2006, and diamond prices have increased significantly since then.

Clifford Elphick, Gem Diamonds' chief executive officer, said in a press release Monday that the discovery was a "landmark recovery for all of Gem Diamonds' stakeholders". Last year, Graff also purchased the 1,109-carat Lesedi la Rona rough diamond, the second largest rough diamond in history, for US$53 million, or $47,790 per carat.

Meanwhile, the largest cut diamond is the Golden Jubilee Diamond. The diamond was found by United Kingdom mining company Gem Diamonds and could be worth up to $40 million.

The stone is yet to be evaluated, but commodities and mining analyst Kieron Hodgson, told AFP news agency that "the potential to be one very expensive diamond".

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