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Rare Green Diamond Discovered In South Africa

Kitco News

Rare Green Diamond Discovered In South Africa Canada’s Diamcor Mining (TSX-V: DMI.VN) said it unearthed a rough 5.36-carat green octahedron diamond from its Krone-Endora project in South Africa.

The exact value and significance of the find is yet to be determined. Diamcor said it will be conducting an analysis in the next few weeks, adding that it views the find as rare and with a high potential value.

“Given the larger size, quality, and shape of this rough diamond, the Company believes further analysis is warranted due to the relative rarity and value of green diamonds,” Diamcor said in a press release.

As of now, the gem is in Antwerp, Belgium, waiting for assessment, according to the company. It was transported along with other smaller rough diamond finds discovered at the project.

The company’s Krone-Endora project is located next to De Beers’ Venetia mine and was acquired by Diamcor from De Beers in 2011.

Project Location

Coloured diamonds have seen a rise in value and popularity on the market. Just in April, the 59.60-carat ‘Pink Star’ diamond was sold for a record price of $71.2 million in Hong Kong. 

The Pink Star was discovered by De Beers at a mine in Africa in 1999, which was then cut over a period of two years.

The diamond’s sale beat the previous record, which was held by Oppenheimer Blue — sold for $50 million a year ago.

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