Lesotho Has Discovered diamond Worth $40m world’s fifth biggest

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A diamond thought to be the fifth largest of gem quality ever found in the world has been discovered in Lesotho which could be worth as much as $40 million.

According to a report, the company unearthed the D-colour stone at the Letseng mine in the landlocked southern African country and described the 910-carat found as of “exceptional quality”.

“Since Gem Diamonds acquired Letseng in 2006, the mine has produced some of the world’s most remarkable diamonds, including the 603 carat Lesotho Promise,” Gem Diamonds chief executive Clifford Elphick said in a statement.

“However, this exceptional top quality diamond is the largest to be mined to date… This is a landmark discovery.”

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Ben Davis, a mining analyst at Liberum Capital, speculated in a research note to investors that the diamond could be worth as much as $40 million (33 million euros).

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