Ann: 404 Carat Lulo Diamond Sells for A$22.5 Million, page-68

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.​

Read more: http://www.theage.com.au/business/markets-live/markets-live-slaters-1b-loss-20160228-gn5ycc.html#ixzz41Wwo7UAw ​