worlds fifth largest diamond discovered in lesotho
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

World's fifth largest diamond discovered in Lesotho

Arab Today, arab today

Arab Today, arab today World's fifth largest diamond discovered in Lesotho

A 910-carat diamond, which is believed to be the world’s fifth largest diamond, has been unearthed in Lesotho.
Lesotho - Arab Today

A 910-carat diamond, which is believed to be the world’s fifth largest diamond, has been unearthed in Lesotho.

The stone was discovered in Letseng mine by Gem Diamonds, a UK miner with operations in Botswana and Lesotho.

Clifford Elphick, Gem Diamonds’ chief executive, says the find is a “landmark discovery” and is the largest diamond ever mined by the company. Gem Diamonds shared rose 15% after news of the find.

This is just the latest find by Gem Diamonds. In Aug. 2006, the company mined “Lesotho Promise,” a 603-carat diamond in Letseng mine. At an auction in Antwerp, Belgium less than two months later, Lesotho Promise was sold for $12.3 million—around $20,000 per carat. Analysts say the newly discovered 910-carat diamond could be worth as much as $40 million.

Gem Diamonds will be hoping that its stone has better luck at auctions unlike the last big stone found in southern Africa. In Nov. 2015, Canadian mining company Lucara discovered a 1,110-carat diamond in Karowe mine in Botswana. The tennis ball-sized diamond, later named Lesedi La Rona, meaning ‘our light’ in Tswana, was the largest diamond discovered in more than a century. However, at a June 2016 auction, a sale failed to materialize as the highest bid for the stone was $61 million—$9 million less than the owner hoped to sell it for. It was eventually sold in Sept. 2017 for $53 million.

Before now, nine of the 10 largest diamonds ever discovered have been found in Africa: Four in South Africa, two each in Sierra Leone and the Democratic Republic of Congo and one in Botswana. But African countries have a difficult history with diamond mining, particularly in countries like Sierra Leone and DRC, where diamonds have been shown to help fund conflict in those countries and others. In South Africa, diamond mining once helped support the oppressive apartheid political system

Source: AFP

arabstoday
arabstoday

GMT 10:56 2018 Monday ,22 January

Azza Fahmy Jewellery announces UK store launch

GMT 22:40 2017 Monday ,20 November

Jewellery Arabia 2017 to kick off Tuesday

GMT 08:16 2017 Sunday ,19 November

DANAT to offer services in Jewellery Arabia 2017

GMT 09:39 2017 Thursday ,16 November

Rare pink diamond aims for $30 million haul

GMT 08:11 2017 Monday ,13 November

White truffles fetch 75,000 euros at Italian auction

GMT 05:03 2017 Thursday ,19 October

Jewellery brand Arco Studio launches & appoints PR

GMT 15:00 2017 Saturday ,14 October

Monsoon and Accessories press office updates

GMT 21:30 2017 Wednesday ,20 September

Rhino horn smugglers shift to jewellery
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

worlds fifth largest diamond discovered in lesotho worlds fifth largest diamond discovered in lesotho

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

worlds fifth largest diamond discovered in lesotho worlds fifth largest diamond discovered in lesotho

 



GMT 08:23 2017 Monday ,03 April

Tesla tops quarterly sales forecast

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal

GMT 05:28 2017 Sunday ,26 November

Gas exporters call for 'fair price'

GMT 10:51 2018 Tuesday ,11 December

Cloudy weather with rain showers forecast Tuesday

GMT 20:00 2017 Monday ,25 September

Tourism minister leaves for France to attend Top Resa

GMT 22:07 2017 Tuesday ,02 May

UAE soldier martyred in Yemen

GMT 00:25 2017 Sunday ,10 September

Philippines Sees the Bloodiest

GMT 20:21 2017 Wednesday ,08 November

Ambassador Aizaz Chaudhry met members of Congress in US

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:16 2017 Monday ,25 December

Sharjah Ruler issues Emiri Decree on SGMB functions

GMT 13:16 2017 Sunday ,15 October

Qatari sheikh says assets frozen over Gulf crisis

GMT 12:50 2017 Saturday ,11 November

ICC prosecutor calls for Afghanistan war crimes probe

GMT 13:28 2012 Friday ,17 February

NYT\'s Anthony Shadid dies in Syria

GMT 16:44 2017 Friday ,01 September

Al-Bashir to partake in OIC Summit in Kazakhstan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday