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A massive diamond the size of two golf balls and worth an estimated $40 million has been unearthed in Africa, according to reports.
The 910-carat gem — the fifth-largest gem quality diamond ever found — came from the Letseng diamond mine in Lesotho, British-based Gem Diamonds tweeted early Monday.
“This exceptional top-quality diamond is the largest to be mined to date,” Gem Diamonds CEO Clifford Elphick told Fin24.
The diamond, which weighs a little less than half a pound, is the largest discovered at the mine since 2016, when the 603-carat Lesotho Promise stone was unearthed, the site reported.
The gem is a D color type IIa diamond — which means it is colorless and free of imperfections — and could fetch a huge price, The Independent reported.
“The pricing of diamonds is hugely variable and driven by a multitude of factors,” said Ben Davis, an analyst at Liberum Capital Markets, told the outlet. “But assuming that there are no large inclusions running through the diamond, we initially estimate a sale of $40m.”
Gem diamonds hasn’t named the newly discovered gem or said what it plans to do with it.
The Letseng mine is famous for its humongous, high-quality diamonds — which have the highest average selling price in the world, according to The Independent.
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