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Big Flawless Diamonds Found!
Rapaport Trade Wire reports that four giant diamonds weighing 366 carats and worth over $6 million have been discovered in Lesotho, a tiny kingdom encircled by South Africa.
The four flawless diamonds were found at Lesotho's Letseng Diamond Mine in the Maluti mountains in the last six days.
"Each one is of the highest quality... flawless," mine chief executive Keith Whitelock said, adding that he expected the stones to fetch a minimum of $6 million when sold because "there is a worldwide shortage of large, high-quality stones."
Letseng was officially opened last year with the investment from South African businessman Brett Kebble's mining finance company JCI.
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