Lesotho finds $40m diamond, world’s fifth largest

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    the 910 carat diamond mentioned to be value $40m

    A diamond regarded as the fifth largest of gem high quality ever discovered has been found in Lesotho, miner Gem Diamonds mentioned Monday, and may very well be value as a lot as $40 million.

    The firm unearthed the D-colour stone on the Letseng mine within the landlocked southern African nation and described the 910-carat discover as of “exceptional quality”.

    “Since Gem Diamonds acquired Letseng in 2006, the mine has produced some of the world’s most remarkable diamonds, including the 603 carat Lesotho Promise,” Gem Diamonds chief govt Clifford Elphick mentioned in an announcement.

    “However, this exceptional top quality diamond is the largest to be mined to date… This is a landmark discovery.”

    Ben Davis, a mining analyst at Liberum Capital, speculated in a analysis word to buyers that the diamond may very well be value as a lot as $40 million (33 million euros).

    Gem Diamonds shares in London have been up 14 p.c from the market open to £zero.92 a bit.

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