Latest News
Headlines

Second Largest Diamond Ever Discovered is Unearthed and Could Fetch $60 Million

(Lucara) (Lucara)

The second largest gem-quality diamond ever discovered has been unearthed in Botswana and the nearly flawless stone weighs a whopping 1,111 carats.

Canadian mining company Lucara recovered the pricey rock from its Karowe Mine in the southern African nation of Botswana.

While clearly valuable, both for its massive size and lack of flaws, the stone is so big it's provong difficult to appraise.

Watch: This Gospel Singer's Reaction to Surprise Flash Mob Proposal

According to CNN, the diamond is so large that it can' fit into machines used to evaluate color and worth.

But at least one offer has been made on the stone for $40 million. However, CEO William Lamb believes the diamond could be worth "north of $60 million."

"The significance of the recovery of a gem quality stone larger than 1,000 carats, the largest for more than a century and the continued recovery of high quality stones...cannot be overstated," Lamb said in a Nov. 18 statement.

Read: Billionaire Buys His 7-Year-Old Daughter Record-Breaking $48.5 Million Blue Diamond

The same Botswana mine has recently produced two other hulking stones, one weighing over 800 carats and the other over 300 carats.

The 1,111 carat stone is the largest ever found in Botswana, which produces more diamonds than any nation except Russia.

Watch Below: Dog Adorably Photobombs Couple's Engagement Photos

Share Share on Facebook Tweet Share on Twitter
Receive Breaking News

By signing up, you agree to our Terms of Use and Privacy Policy

Your e-mail was submitted successfully.
Sorry, your email address was not processed. Please try again.
Around the Web