Welcome to JAAG TV  
Follow JAAG TV on Twitter   Follow JAAG TV on Face Book   JAAG TV RSS Feed Jaag urdu version
Live
JUST IN
World's fifth largest diamond discovered in Lesotho
World's fifth largest diamond discovered in Lesotho
Published at: 2 month(s) ago


Maseru, Lesotho: A diamond thought to be the fifth largest of gem quality ever found has been discovered in Lesotho, miner Gem Diamonds said Monday, and could be worth as much as $40 million.

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".

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

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

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

Gem Diamonds shares in London were up 14 percent from the market open to £0.92 a piece.

 
 
 
 
 
Home
Latest News
Pakistan
World
Sports
Entertainment
Programs
Exclusive
Schedule
Site Map
About Us
Contact Us
Download JAAG TV Android App.
© 2014 JAAG TV. All Rights Reserved.