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500 Carat Diamond Discovered in Lesotho

Miners in southern Africa have found one of the world's largest diamonds. It's nearly flawless and weighs almost 500 carats.

Reuters has more:

The diamond was discovered in the Letseng Mine on September 8, the company said in a statement. It has been analyzed by experts in Antwerp and found to weigh 478 carats, with very few inclusions and of outstanding color and clarity.


"It has the potential to yield one of the largest flawless D color round polished diamonds in history," the company said.

Letseng is one of the most productive mines in history -- four of the world's 20 largest rough diamonds have been found at the mine, including the three largest found this century.

Diamond

And given the complicated, sometimes shameful relationship between the diamond industry and the continent, of course there's this (emphasis ours):

The minister for natural resources in Lesotho, an impoverished mountain kingdom in eastern South Africa, praised the productivity of the mine, one of the highest in the world at more than 10,000 feet.


Letseng is 70 percent owned by Gem Diamonds and 30 percent owned by the government of Lesotho.

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Like that old man in Sierra Leon said in Blood Diamond: "Hope they don't find oil here!" Frankly, Africa's resources ultimately impoverish Africans either through the labor exploitation (not just sweat shops, but mining, for example, so, black lung, distance from families and elevated rates of HIV/AIDS), or environmental degradation to the point of strangling the local people to death. For example, the indigenous peoples of the Niger Delta are cut off from their traditional modes of livelihood tied, as one would expect, TO THE UNIQUE DELTA CLIMATIC CONDITIONS, which had sustained them for centuries. Moreover, youth are demoralized and have no confidence in governance. In fact, governance sits at the center of this exploitation -all these industries could work if regulations were in place. Yet, like Microsoft in India, or the East Indian Tea Company for that matter, which insured that the sun never set on the (Imperial) British Empire, these private corporations, backed by their governments through WTO, IMF, World Bank and UN, hold all the chips. News of a super-gem, then, is quite troublesome for any of us who have family in Africa. From that perspective, the international infrastructure that supports Africa's under-development is neatly crystalized in the diamond industry.

Sent by Diepiriye Kuku-Siemons | 2:21 AM ET | 09-23-2008

Asante sana sana to my African brother Diepiriye for his saga wisdom and analysis above. Bravo..

Now contrast this against Botswana and its historical contours with an economic more than 60 percent reliant and sustained via these pressurized lumps of carbon coal and its environmental record and the one against its own peoples. A lot of wasted, African resources and a spiralling abyss of decline in living standards for the populace and their terrain from whince these rocks are extracted in the quest of filling the bottomless pit of western comsumption.

By any measure, another 'blood diamond'one way or another.

Sent by KMJUMBE | 12:44 AM ET | 09-25-2008



   
   
   
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