'Remarkable' 442-carat diamond found in Africa, could be worth $18M - News Summed Up

'Remarkable' 442-carat diamond found in Africa, could be worth $18M


One of the world's largest diamonds has been unearthed in Africa -- a 442-carat rock worth as much as $18 million, according to one expert. Gem Diamonds Ltd. discovered the gem at its Letseng mine in Lesotho, the company announced Friday. 552-CARAT YELLOW DIAMOND FOUND IN CANADA, LARGEST EVER IN NORTH AMERICAAccording to Bloomberg, which first reported the news, the precious stone could be worth as much as $18 million, citing a research note from BMO Capital Markets analyst Edward Sterck. In 2018, Gem Diamonds found a 910-carat diamond known as the "Lesotho Legend" at the Letseng mine that eventually sold for $40 million. CLICK HERE TO GET THE FOX NEWS APPAlso in 2018, miners in Canada found a rough 552-carat yellow diamond, the largest diamond ever discovered in North America.


Source: Fox News August 23, 2020 13:30 UTC



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