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Saturday, 15 June 2019

World's fifth largest diamond discovered in Lesotho and sold in 40 million US dollars






Mani's diamond can be considered as the fifth largest stone, which can be worth 40 million US dollars, which has been discovered in Lesotho according to Minor Gem Diamonds.

According to Jame Diamonds Chief Executive Officer Clifford Elphick said, "In 2006, Gem Diamonds acquired Letseng in 2006, the mine has produced the world's most notable diamonds, including 603 Carat Lesotho Promise." "However, this extraordinary top-quality diamond is the biggest mining ever".

This is a historic discovery." Liberty Capital's mining analyst Ben Dewis told investors in a research note that the diamond could be worth $ 40 million (33 million Euros).
The shares of Gem Diamonds in London were up 14 percent from the open market price of 0.92 pounds per piece.

The company explored the D-colored stone in Letseng mine in southern African country and described it as "extraordinary quality" of the 910 carat.

Ben Davis:- told investors in a research note that diamond could be worth 40 million US dollars (33 million Euros)



Sold:---The largest ever-gem-quality diamonds ever mined have been sold for $ 40 million.

After the sale, CEO of Gem Diamonds, Clifford Elphic said in a statement that the company "was happy", saying that its purchase highlighted the "Standard quality of Lesotho legend" and high standard of production of Lettsang mine diamonds .

Gem Diamonds has recovered many diamonds in recent months, the company had said last week that it has detected six diamonds larger than 100 carats since the beginning of the year.





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