World’s fifth largest diamond ever sells for a whopping $40 million

Diamonds are sure a girl’s best friend, but for now, they are a fortune earner for Gem Diamonds, a firm that excavated the fifth largest diamond in history and recently sold it for staggering price of $40 million! Known to be the size of two golf balls, the diamond is a one-of -its- kind white wonder that was unearthed from the treasures of the Letseng Mine in Africa this year.

Aptly christened as the Lesotho Legend, the stone boasts of a 910-carat caliber and is said to have been purchased in a tender by an anonymous buyer from Antwerp, Belgium. Gem Diamonds, which owns a 70 percent stake in the precious Letseng Mine, (renowned for its production of white diamonds across the globe), said in a statement that the company was “delighted” on the sale of the diamond. However, per certain experts, the white beauty has failed to fetch the price that it should have.

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Earlier, gems of a similar quality and size have garnered much higher sums. For Instance, the world’s second biggest rough diamond sold for $53 million, while a D Flawless 34-carat was taken away for over $33 million. Either way, Gem Diamonds, being a pro in the field is already set with six diamonds bigger than 100 carats, that it has already found this year. No worries with the big bucks for the company thus far then!

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A lawyer with a zeal for writing, Ekta has a deep love for linguistics, travel, and philosophy. Not an adrenalin junkie but likes going on occasional hikes to beat the weekday blues. Her bucket list includes escapades to Vietnam, Cambodia, and Morocco.