Tuesday, December 30, 2008

Diamond found in Lesotho among largest ever















A model holds a white diamond weighing nearly 500 carats in this undated handout photograph released in London on September 21, 2008.(Photo: China Daily/Agencies)
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JOHANNESBURG, Sept. 21 (Chinese media) -- Gem Diamonds, a

London-listed mining firm, said on Sunday it had recovered a 478-carat diamond

from its mine in Lesotho: the 20th largest rough diamond ever found.

The discovery of the gem had the potential to become

one of the largest round-cut diamonds in the world, was made on September 8 at

the Letseng mine in Lesotho, the South African Press Association quoted the

company source as saying on Sunday.

"Preliminary examination of this remarkable diamond

indicates that it will yield a record-breaking polished stone of the very best

color and clarity," the company's Chief Executive Clifford Elphick said in a

statement.

The diamond, which has not yet been named, has the

potential to yield a 150-carat polished stone, a company spokesman said.

That would be far bigger than the 105-carat round-cut

Koh-i-Noor diamond seized by Britain from India in the 19th century and now part

of the Crown Jewels.

It would still only be a fraction of the size,

however, of the Cullinan diamond discovered in 1905, which was 3,106 carats when

recovered and yielding a teardrop shaped diamond of 530 carats: the Great Star

of Africa.

The Letseng mine is owned by a mining company that is

70 percent owned by Gem Diamonds, with the remaining 30 percent held by the

Lesotho government.

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