(WRIC/ABC/AP) — A massive diamond was found in the southern African country of Angola, the Lucapa Diamond Company announced Monday.
The gem is the largest diamond ever discovered in Angola, the Perth-based Lucapa Diamond Company said in a statement to investors this week. It’s also the 27th biggest recorded diamond in the world.
The white diamond is worth an estimated 20 million Australian dollars ($14.2 million), the Australian Broadcasting Corporation reported. A rep for the company would not disclose the value of the diamond until the gem was sold.
This is the fourth 100-plus carat diamond recovered from Lulo to date, according to Lucapa.
The diamond was found by the Lulo Diamond Project, a partnership between Lucapa, Endiama – Angola’s national diamond company – and a private investor. The area the Lulo project has been mining has produced more than 60 large diamonds since the trio began exploring the region in 2015, Lucapa said.
The largest diamond ever unearthed was the 3,106-carat Cullinan diamond, which was discovered in South Africa in 1905. The gem was cut into smaller pieces that are part of the crown jewels.
