$18M Diamond in the Rough

$18M Diamond in the Rough

(FinancialHealth.net) – Diamonds are one of the most sought-after gemstones in the world. Recently, Gem Diamonds Ltd. made headlines when the company announced an incredible find. Workers unearthed a massive diamond worth millions.

According to an August 21 statement, Gem Diamonds CEO Clifford Elphick announced a 442-carat diamond the company found in a mine in Lesotho, Africa.

Elphick said it’s one of the “world’s largest gem quality diamonds” to be found in 2020. He went on to praise the employees who are working at the mine during the COVID-19 pandemic.

According to Bloomberg, the diamond could be worth as much as $18 million. Gem Diamonds plans to use some of the money from the sale of the stone to fund a community project. The company has already made an agreement with Lesotho’s government.

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