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World's fifth largest diamond discovered in Lesotho

AFP  |  Maseru (Lesotho) 

A thought to be the fifth largest of gem quality ever found has been discovered in Lesotho, Gem said today, and could be worth as much as USD 40 million.

The company unearthed the D-colour stone at the mine in the landlocked southern African country and described the 910-carat find as of "exceptional quality".

"Since Gem acquired in 2006, the mine has produced some of the world's most remarkable diamonds, including the 603 carat Promise," Gem chief executive said in a statement.

"However, this exceptional top quality is the largest to be mined to date... This is a landmark discovery."

Ben Davis, a at Liberum Capital, speculated in a research note to investors that the could be worth as much as USD 40 million (33 million euros).

in were up 14 per cent from the market open to 0.92 pound a piece.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 15 2018. 16:55 IST