Categories: Headlines

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

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

INSTORE Staff

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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INSTORE Staff
8 years ago

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