Business
Miner finds 442-carat diamond that may be worth $18m – Moneyweb
Two years after finding a 910-carat stone, the size of two golf balls, that sold for $40m.
A small diamond miner that has dug some of the worlds most valuable gems from a mountainous African kingdom has found another huge stone.
Gem Diamonds said Friday it had an unearthed a 442-carat diamond at its Letseng mine in Lesotho. While its hard to establish a price for such stones before cutters can evaluate them, it could sell for as much as $18 million, Edward Sterck, analyst at BMO Capital Markets, wrote in a note.
Given the rarity of such large stones, demand for big diamonds has trad…
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