Tuesday, 16 February 2016

Giant Diamond Worth $20 Million Found in Angola

A Australian based company has struck a goldmine  in Southern Africa, finding a diamond worth more than $20 million.

Lucapa Diamond Company found the massive 404-carat diamond ,in the country's north-east.It is the biggest diamond ever found in Angola.
Lucapa chairman Miles Kennedy told ABC news

"When we first looked at the property, 3,000 square kilometres of untouched ground, 700 kilometres inland from the coast, you are talking about a very, very remote area,"
"The results today are a wonderful vindication of eight years of pretty hard work."It's the biggest diamond ever recorded from the country of Angola and it's the biggest diamond ever recovered by an Australian diamond miner.
He said the "spectacular" white diamond, which was considered to be of excellent quality, could be valued at more than $20 million. 
"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," Mr Kennedy said.
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