A small diamond company, Nare Diamonds Ltd. uncovered a huge 235-carat gem - the size of a hen's egg - in South Africa after resuming mining in March at the Schmidtsdrift mine, 50 miles northwest of the country's historic diamond center of Kimberley.
The mine was shut down three years ago by another firm that went bankrupt. During the mine's previous operations, the average size of stones used to range around 1.14 carats.
A third part assessor said that the large-sized gemstone is octahedron in shape and of very good quality.
It will not be easy to set a value for the diamond because typical valuation measures fall away when diamonds reach a certain size.