Connect with us

Headlines

Pulled from the Depths of the Earth: A $20M Diamond Weighing 404 Carats

mm

Published

on

It’s the 27th-largest diamond in the world.

Australian mining firm Lucapa Diamond Company has dug up a diamond in Angola that weighs 404.2 carats, Fortune reports. Lucapa chairman Miles Kennedy told the business publication that the diamond is worth about $20 million and is the 27th-largest in the world. According to the article, it’s the largest diamond ever found in the country, nearly doubling the size of the previous record-setter, dubbed the “Angolan Star.” Kennedy plans to sell the diamond to fund an expansion in the area.

Read more at Fortune

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular