Giant 552-carat yellow diamond unearthed in Canada’s arctic

Cecilia Jamasmie | December 14, 2018 | 10:55 am Top Companies Canada Diamond 
Largest diamond in North America found in Canada’s Diavik mine
Pictured is the 552-carat yellow diamond found at the Diavik mine in the Northwest Territories. It’s almost three times the size of the next largest ever found in Canada. (Image courtesy of Dominion Diamond.)

Canada’s Dominion Diamond Mines and Rio Tinto shocked the market on Friday by unveiling what is believed to be the largest diamond ever found in North America, about the size of a chicken-egg.

The 552-carat yellow gem quality stone, unearthed in October, measures around 3cm by 5.5cm, almost three times the size of the next largest stone ever found in Canada, Dominion – which owns 40% of the mine – said in the news release.

“A diamond of this size is completely unexpected for this part of the world and marks a true milestone for diamond mining in North America and Canadamark diamonds overall,” the company said.

The 552-carat yellow gem quality stone is also one of the 30 biggest diamonds ever found.

The previous record for a North American diamond was also found at Diavik, located in the Northwest Territories. At 187.7 carats, the so-called “Foxfire” two billion-year-old diamond was unveiled in 2015.

The stone is one of the 30 biggest diamonds ever found. The largest on record was the 3,106-carat Cullinan, found near Pretoria in South Africa in 1905. It was later cut into several stones, including the First Star of Africa and the Second Star of Africa, which are part of Britain’s Crown Jewels held in the Tower of London.

“The astonishing gemstone was uncovered while passing through the initial screening process at Diavik’s recovery plant,” Dominion noted.

Lucara Diamond’s 1,109-carat Lesedi La Rona is the second-biggest in record, while the 995-carat “Excelsior” and 969-carat “Star of Sierra Leone” are the third- and fourth-largest.

Dominion plans to select a partner to cut and polish the stone, of which the value has not been determined yet.

Production at Diavik began in 2003 and the mine has been a fully underground operation since 2012.

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2 Comments

  • Altaf

    Conservative estimates for large (over 100 carat) uncut stones of gem grade @ 20K per carat, the stone is worth minimum 10 million USD.
    For IF or VVS grades multiply that figure with 4 or 5.
    For the color yellow, multiply that figure with another 2.
    From the shape of the raw stone, I guess a beautiful 100 carat oval gem will emerge.
    Will look nice as a pendent around my neck 🙂

  • Rolly Fogo

    Could spark a ‘Diamond Rush’ to Northern North West Territories… that is, right up until the cold sets into your bones and you high tail it out of there

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