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.
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”.
Clifford Elphick, Gem Diamonds’ chief executive, says the find is a “landmark discovery” and is the largest diamond ever mined by the company.
This is just the latest find by Gem Diamonds. In Aug. 2006, the company mined “Lesotho Promise,” a 603-carat diamond in Letseng mine.
Analysts say the newly discovered 910-carat diamond could be worth as much as $40 million.
The largest diamond ever discovered remains the 3,106-carat Cullinan diamond found near Pretoria in South Africa in 1905. The mine’s owner, Sir Thomas Cullinan presented all 1.33 pounds of the stone to Edward VII of the United Kingdom as a birthday present. Now it has become part of of the crown jewels.