Interesting way of looking at it
If you wanted to sell $22.5 million worth of Australian iron ore, you would need to ship 465,935 tonnes of the stuff.Or you could sell a single seven-centimetre stone that fits neatly in the palm of one hand.Australian company Lucapa have done the latter, after selling the monster 404 carat diamond it found at its mine in Angola earlier this month.Lucapa and its partners found the diamond at the Lulo mine, which is 40 per cent owned by Lucapa.The sale price means the white diamond sold for more than $55,000 per carat, according to Lucapa's chief executive Stephen Wetherall.Upon discovering the stone in mid February, Lucapa claimed that it was the biggest ever found in Angola and the 27th largest in the world.It is the fourth diamond out of Lulo to have more than 100 carats.
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Ann: 404 Carat Lulo Diamond Sells for A$22.5 Million, page-68
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