Why the newly discovered, second-biggest diamond ever is not worth as much as you’d think
CNNCNN — The recent discovery of the second-biggest diamond in history – a staggering 1,758-carat stone – is a remarkable find, but there’s a debate over its real market value. However, the company said the newly found diamond is “a near-gem of variable quality,” which means that, as far as diamonds are concerned, the size of the stone is not what’s most important. “There are several qualities, also color and clarity, in addition to size, as well as how it can be cut,” Rob Bates, a blogger on the diamond and jewelry industries, told CNN. “The clarity looks to be poor,” he said.“‘Near-gem’ is a term for a crystal which will produce very little gem quality faceted.” The only larger diamond previously unearthed was the 3,106-carat Cullinan Diamond, which was discovered in South Africa in 1905.