A 198-carat white diamond of excellent quality has been discovered in Lesotho. The stone was found in the Letseng mine in the north Maluti Mountains in July. The discovery was announced on Tuesday.
The mine, owned by Gem Diamonds, is of the highest diamond mines in the world at 10,000 feet. Lesotho is a landlocked country completely surrounded by South Africa. The Letseng mine has delivered five of the top 20 rough white gems ever recorded since 2006, according to the firm. Gem Diamonds owns a 70-percent stake in the Lesotho mine, while the government holds the remaining 30 percent.
"This exceptional white, high-quality diamond displays no florescence and is expected to achieve an exceptional price when sold this year," the company said. Analysts say the diamond could sell for over $10 million and possibly as much as $15 million, based on the price of similar stones from Letseng sold since 2010.
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