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World’s fifth largest diamond discovered in Lesotho

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A diamond thought to be the fifth largest of gem quality ever found has been discovered in Lesotho, miner Gem Diamonds said Monday, and could be worth as much as $40 million.

The company unearthed the D-colour stone at the Letseng mine in the landlocked southern African country and described the 910-carat find as of “exceptional quality”.

“Since Gem Diamonds acquired Letseng in 2006, the mine has produced some of the world’s most remarkable diamonds, including the 603 carat Lesotho Promise,” Gem Diamonds chief executive Clifford Elphick said in a statement.

“However, this exceptional top quality diamond is the largest to be mined to date… This is a landmark discovery.”

Ben Davis, a mining analyst at Liberum Capital, speculated in a research note to investors that the diamond could be worth as much as $40 million (33 million euros).

Gem Diamonds shares in London were up 14 percent from the market open to £0.92 a piece.

Motherland News

Nigeria: Council of State reaches final pegs new minimum wage at 27,000

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The National Council of State presided over by President Muhammadu Buhari has approved the sum of N27,000 as the new minimum wage.



The national council approved the sum during an ongoing meeting at the Presidential Villa in Abuja.

The meeting had in attendance former presidents like Olusegun Obasanjo, Goodluck Jonathan and the Senate President, Bukola Saraki, among others.

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Entertainment

Nollywood actor, Ishow Larry is dead

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Nollywood actor, Adewale Olarenwaju fondly called ‘Ishow Larry’ has been announced dead.




Ishow Larry was said to have been briefly ill before he suddenly died on January 21, 2019.

A friend, Olatubosun Abegunde, lamented his demise on Facebook.

Late Ishow Larry began his career as a makeup artist in the industry before becoming an actor and produced his own movies including “Ole“, “Agbara” and others.

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He wrote: “Its so sadden to announce the death of this my troublesome friend Olanrewaju Ishow Larry … The Producer of OLE and many more … He featured in one of my Movies, Oje Laye … Heaven knows I can’t stop mourning over your death .. May Your Gentle Soul Rest In Perfect Peace..”

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