Welcome Guest [Log In] [Register]
Add Reply
Thats a spicy meatball
Topic Started: Apr 21 2006, 09:31 PM (122 Views)
MaxPower
Member Avatar
Follower of Branigann's Law
Quote:
 
JOHANNESBURG (Reuters) - A small diamond company uncovered a huge 235-carat gem -- the size of a hen's egg -- in South Africa only a few weeks after launching its operations, the firm said on Friday.

Nare Diamonds Ltd. said it uncovered the rough gem on Wednesday 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, a spokesman said. During the mine's previous operations, the average size of stones was 1.14 carats.

"The large-sized gemstone is octahedron in shape and of very good quality according to a third party assessor," the statement to the London stock exchange said.

It is hard to set a value for the diamond because typical valuation measures fall away when diamonds reach a certain size, the spokesman said.

London-listed Lonrho Africa Ltd, which recently bought a 17 percent stake in unlisted Nare, issued the statement. Its shares shot up 7.5 percent to 28-3/4 pence by 1330 GMT (9:30 a.m. EDT).

The world's biggest diamond group, De Beers, found a 316.7 carat diamond at its South African Venetia mine in January, the largest-ever find at Venetia.

The largest-ever gem, the Cullinan, weighed in at 3,106 carats when De Beers discovered it in 1905, but other massive diamonds have ranged around 600-900 carats.

In 1986, De Beers discovered the 755.5-carat Golden Jubilee, which is now the world's largest polished diamond at just over 545 carats.

A spokesman for Nare said the discovery does not necessarily mean the mine holds other sizeable gems since it is from an alluvial deposit -- a former river bed where diamonds were swept from a smattering of other eroded deposits.

Nare, which has three other diamond projects, is planning to list on the London stock exchange around the middle of the year.

Pic That would buy you some sack time with the woman.
Offline Profile Quote Post Goto Top
 
Frozenkilt
Member Avatar
Online douche. GOLD! I need more Gold
Sack time? She'd better be physically attached to your dick for a long while.

- Sean
Offline Profile Quote Post Goto Top
 
BarrelLifter
Member Avatar
Grey Hair Builds Strength... and looks good too!!
Quote:
 
She'd better be physically attached to your dick for a long while.


C'mon, she'd do it in a heartbeat for Pez.
Offline Profile Quote Post Goto Top
 
MaxPower
Member Avatar
Follower of Branigann's Law
Quote:
 
C'mon, she'd do it in a heartbeat for Pez.

You've met a couple of my ex-girlfriends then! :grin

Offline Profile Quote Post Goto Top
 
WildGorillaMan
Member Avatar
P&B Ambassador to the SDF
For a rock that big, she better be willing to watch you shag all of her friends that you fancy, and maybe a couple of tarts you pick up at the bar.

Offline Profile Quote Post Goto Top
 
sqeezemasterflash
Member Avatar
Now you're boring us
Shag? Fancy? Tart? Fine words, all of them, but since when are you British?
Offline Profile Quote Post Goto Top
 
BarrelLifter
Member Avatar
Grey Hair Builds Strength... and looks good too!!
Posted Image
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Fully Featured & Customizable Free Forums
« Previous Topic · Talking Bollocks · Next Topic »
Add Reply