Monday, 22 October, 2018

World's Fifth-Largest Diamond, Worth $40 Million, Discovered in Africa Mine

The company unearthed the D-colour stone at the Letseng mine The company unearthed the D-colour stone at the Letseng mine
Russell Knight | 15 January, 2018, 17:27

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".

The fifth-largest gem-quality diamond ever found has been discovered at Letšeng Diamond Mine in Lesotho, Fin24 reported on Monday.

"This exceptional top quality diamond is the largest to be mined to date and highlights the unsurpassed quality of the Letšeng mine", em Diamonds' chief executive officer, Clifford Elphick, said in the statement. The diamond was found by United Kingdom mining company Gem Diamonds and could be worth up to $40 million.

One of the world's largest diamonds has been found in the Letseng mine in Lesotho, a small country surrounded by South Africa.

Roy stars as England beat Australia by 5 wickets in 1st ODI
We weren't able to do that, and we didn't start as well as we'd like with the ball either, they got off to a flying start. Captain Steve Smith got off to a quick start (23 from 18 balls) before edging one off wrist spinner Adil Rashid (2/73).

15-year-old Dalit girl's raped, mutilated body found in Haryana's Jind
The Chief Minister of Haryana, ML Khattar said that that one of the attackers have been identified and will be arrested soon. Police said one of the girls, a 15-year-old school student, had been brutally assaulted and her private parts mutiliated.

Mercedes-AMG 53 models on the way
The main goal was to reduce fuel consumption and emissions but still offer the performance and dynamics of a true AMG . The nine-speed AMG Speedshift gearbox and 4Matic+ all-wheel drive system are standard on all 53-engined models.

The worth of the rare diamond is still to be determined. The stone, which was discovered in the Premier Mine in 1985, weighs in at 545.67 carats. Gem found at least seven stones bigger than 100 carats in 2017 and five the year before.

Shares in Africa-focused Gem Diamonds (LON:GEMD) skyrocketed Monday morning after the miner announced the recovery of what it qualified as the fifth biggest gem-quality diamond ever found.

Famous Type IIa diamonds include the Cullinan (which was cut into 105 diamonds, including several for the British Crown Jewels), Koh-i-Noor and Lesedi la Rona.

"Assuming that there are no large inclusions running through the diamond, we initially estimate a sale of $40m [£29m]", Richard Knights of London broker Liberum told the Financial Times.

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