Lonrho Mining finds huge yellow diamond

Lonrho Mining finds huge yellow diamond

Lonrho Mining has discovered an exceptional 61.30 carat yellow diamond at its Schmidtsdrift Mine in South Africa.

The huge stone is a fancy yellow perfect octahedron and is expected to yield a high value, said Lonrho Mining, which is 23% owned by Aim-listed Lonrho.

‘This diamond is of extremely high quality and is expected to achieve a very high value. We are confident that the recently completed operational review at the Schmidtsdrift mine will continue to have a positive effect and hopefully yield further diamonds of this quality,” chief executive Charles Mostert said.

Schmidtsdrift has yielded included 328 stones in excess of 5 carats in size in the past 12 years, including a rare 235 carat stone, two 66 carat stones and 25 stones between 15 and 50 carats in size.

The Schmidtsdrift mine – owned by Nare Diamonds (80%) and the Schmidtsdrift Communal Property Association (20%) – comprises six contiguous farms along the western bank of the Vaal River, with a combined area of 320km².


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