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World News
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Title: 'Gem Diamonds' Unearths Massive 442-Carat Diamond From Its Letseng Mine In Lesotho
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... amond-its-letseng-mine-lesotho
Published: Aug 22, 2020
Author: Tyler Durden
Post Date: 2020-08-22 10:06:14 by Horse
Keywords: None
Views: 283
Comments: 2

..we wouldn't be surprised if it sells for $100 million.

Poster Comment:

5 carats to a gram. 442/5 = 88.4 grams = 3.12 ounces. That is $1,131,221 per gram.

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#1. To: Horse (#0)

Had to look that place up. It's a country completely landlocked inside of South Africa.

Pinguinite  posted on  2020-08-22   10:37:23 ET  Reply   Trace   Private Reply  

From the source:

"Elphick concluded in a brief, company issued, press release: 'The recovery of this remarkable 442 carat diamond, one of the world's largest gem quality diamonds to be recovered this year, is further confirmation of the calibre of the Letšeng mine and its ability to consistently produce large, high quality diamonds.'"

This particular diamond mine puts the one in Arkansas to shame. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-08-22   10:42:33 ET  Reply   Trace   Private Reply  

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