Unearthed ... A photo released by Lucapa showed the diamond measuring more than seven centimetres. Picture: Supplied
THE BIGGEST diamond ever to be discovered by an Australian company has been found in Angola, a 404-carat sparkler estimated to be worth $20 million.
The gem stone was unearthed by small Perth-based mining outfit Lucapa Diamond Company in the country’s northeastern province of Lunda Norte.
A photo released by Lucapa showed the diamond measuring more than seven centimetres.
The company said it was the 27th biggest diamond found in the world.
Lucapa chairman Miles Kennedy told ABC: “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.
Africa find ... The gem stone was unearthed in the Angola’s northeastern province of Lunda Norte. Picture: SuppliedSource:Supplied
“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.
“So, we have hit a number of firsts finding this diamond.”
He said the huge cash injection from the diamond sale would allow the company to expand its operations in the area.
Lucapa shares rose 9.5¢ higher at 41.5¢ in afternoon trading on Monday following the news.
The find comes a few months after a small Canadian firm found the world’s second-biggest gem quality diamond ever recovered, and the largest in more than a century.
Lucara Diamond Corp said the 1,111 carat stone was found at its Karowe mine in north-central Botswana.
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