An enormous diamond almost three inches in length was found in the southern African country of Angola, an Australian diamond company announced Monday.
The small, Perth-based Lucapa Diamond Company cited Wikipedia in declaring the 404.2 carat diamond the 27th largest diamond ever discovered, reports the Australian Broadcasting Corporation.
It is the biggest diamond to ever come out of Angola, the world’s fourth biggest country for supplying diamonds, and the largest to ever be found by an Australian company. It was taken from the remote Lulo Diamond Project mine in Angola’s Lunda Norte province.
The diamond has been classified as a category Type IIa, which means it is virtually flawless. Less than 1 percent of the world’s diamonds share the category, reports CNBC.
“We’re not used to valuing 400-carat diamonds, but if we look at other diamonds slightly less weight than this, you’re looking in the order of $20 million,” Lucapa Chairman Miles Kennedy said.
The world’s second largest diamond was found in November of last year in the southern African nation of Botswana. That diamond is 1,111 carats and is second in size only to the Cullinan, a 3,106-carat diamond found in 1905 that was later cut into the British Crown Jewels.