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Huge diamond found in ‘remarkable’ Lesotho mine, but what’s it worth?

A London-based mining company said Monday it has recovered a huge diamond from a Lesotho mine in which it is a majority owner. Gem Diamonds Limited GEMD, +15.63% said it believes the 910-carat diamond is the fifth-largest gem-quality diamond ever found.

The company described the diamond as “an exceptional quality, D colour Type IIa diamond from the Letšeng mine, the highest dollar-per-carat kimberlite diamond mine in the world.”

“Since Gem Diamonds acquired Letšeng in 2006, the mine has produced some of the world’s most remarkable diamonds, including the 603-carat Lesotho Promise,” said Clifford Elphick, Gem Diamonds’ CEO, in a press release.

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