An Australian mining firm has found a 404-carat diamond worth an estimated $14 million dollars in the southern African country of Angola.
Executives of the Lucapa Diamond Company said Monday, miners discovered the white diamond in the Lunda Norte province in northeastern Angola.
Company chairman Miles Kennedy said “We’re not used to valuing 400-carat diamonds, but if we look at other diamonds slightly less weight than this, you’re looking in the order of $20 million”.
The gem was dug from the Lulo Diamond Project, a partnership project between Lucapa, a private Angolan company Rosas e Pétalas and Angola’s National Diamond Company, Endiama.
The 7 cm-long diamond smashes the record set in 2007 by a 217-carat diamond nicknamed the “Angolan Star,”.
The same section of the mine which produced what is considered the 27th biggest recorded diamond ever has also unearthed 60 other large special diamonds.